Updated By: LatestGKGS Desk
India was ranked 37th out of 125 countries in global startup ecosystem in 2017, as per a recent report released by global startup ecosystem map StartUpBlink.
India attaining 37th rank in global startup ecosystem-2017 shows that Indian startup ecosystem needs more significant improvement in terms of ease of doing business, startup policies and tax compliance etc.
India ranked below Latin American countries Mexico and Chile which stood at 30th and 33th respectively. Bengaluru, New Delhi and Mumbai featured in the list top cities in the global ranking.
In StartUpBlink Report-2017, the Top 5 major countries in global startup ecosystem are United States (1st) rank, United Kingdom (2nd), Canada (3rd), Israel (4th) and Germany (5th).
In StartUpBlink Report-2017, Small nations of less than 10 million inhabitants like Sweden (6th), Denmark (7th), Switzerland (8th), and Singapore (10th) were placed in the top 10.
As per the StartUpBlink Report-2017, in Asia, countries the list was topped by Singapore (10th) nearly followed by China (12th), South Korea (17th), and Japan (20th).
As per the StartUpBlink Report-2017, in Africa, the list was topped by South Africa (38th) followed by Kenya (53rd), Egypt (54th), and Nigeria (57th)
StartUpBlink is a global startup ecosystem map with thousands of registered startups, co-working spaces, and accelerators.
StartUpBlinkreport is prepared in association with ANSYS Startup Program measures startup ecosystem strength and activity.It includes the global ranking index of 125 countries and 900 cities, measuring their startup ecosystem strength and activity.
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