India announced a $1.15 billion Fund of Funds aimed at enhancing tech innovation and supporting startups as part of the 2025-26 federal budget. Finance Minister Nirmala Sitharaman highlighted plans for a High-Level Committee to review regulations and ease compliance burdens. The government also plans to create a Deep Tech Fund to support advanced technology startups. These efforts are part of a broader strategy to stimulate economic growth, which is projected between 6.3% and 6.8%, while fostering job creation in the thriving startup ecosystem.
"The fund builds on earlier startup funding programs that have already deployed more than $1 billion from alternate investment funds, aiming to enhance tech innovation."
"A High-Level Committee for Regulatory Reforms will review all non-financial sector regulations, aiming to strengthen trust-based economic governance and ease compliance burdens for startups."
"New Delhi will explore creating a separate Deep Tech Fund of Funds to catalyze next-generation startups, underscoring a commitment to advanced technologies and emerging sectors."
"India's startup ecosystem emerges as a large jobs creator; the government is betting on innovation and entrepreneurship to achieve its longer-term growth goals."
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