New Delhi, March 5: The ongoing economic reforms by the Modi government are beginning to show tangible results. There has been a significant 27% increase in the number of new businesses registered in the country.
According to a fact sheet released by the government on Thursday, 198,000 new businesses were registered in India during the first ten months of the current fiscal year (2025-26) up to February 3, 2026. This is an increase from 155,000 in the fiscal year 2020-21.
The official statement highlighted that the government is focusing on enhancing ease of doing business through measures such as digital trade facilitation, tax certainty, reduced compliance and litigation, a trust-based customs system, and an investment-friendly tax regime in the Union Budget 2026-27.
Furthermore, the statement noted that institutional reforms like Startup India, the Credit Guarantee Scheme, and the Digital Credit Assessment Model are creating a transparent, technology-driven, and investor-friendly environment. These efforts are supported by parallel regulatory reforms such as the Trust Act, IBC, and MAT, which prioritize capacity building, regulatory harmonization, and a governance model based on trust and accountability.
As of February 2026, India boasts over 216,000 DPIIT-recognized startups, firmly establishing itself as one of the largest startup ecosystems in the world.
The regulatory reforms initiated since 2016 aim to facilitate ease of doing business, enhance capital raising, and reduce compliance burdens for startups.
In addition to Startup India, several initiatives by the Modi government have further strengthened India’s startup ecosystem by promoting technological innovation, rural entrepreneurship, academic research, and regional inclusion. These initiatives ensure that startup support remains broad-based, decentralized, and closely aligned with national development priorities.
In recent years, India has emerged as one of the most attractive destinations not only for investment but also for conducting business. The country’s reform-based development strategy focuses on strengthening entrepreneurship, increasing access to finance, modernizing the regulatory framework, and enhancing business facilitation.
The statement further emphasized that these measures not only improve ease of doing business but also deepen financial inclusion, promote innovation, accelerate the growth of micro, small, and medium enterprises (MSMEs), and position India as a competitive global hub for trade and investment.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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