![Tracxn Geo Annual Report:India Tech 2023, India Slips to 5th Spot in Global Ranking Tracxn Geo Annual Report:India Tech 2023, India Slips to 5th Spot in Global Ranking](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5n7SsuOPBYrPgBqU9S5y_TBY5EZd8xlFAECPS9B7PBN44elmUzwro3ze3s2H61ueCNCdl_g_d2ShUyINAw7rgGFhSO5tWieAICCHalmxI_ocJaV9ASTEoKxCJmDEpIFL0X5M4x7OnF1WWhbnoIXfJQrY9pgmeRnuCwc6Hr8LfB4nmfCxGOy82F1X0HIO-/w320-h192-rw/Copy%20of%20Copy%20of%20Copy%20of%20Untitled%20(500%20%C3%97%20300%20px)%20(500%20%C3%97%20280%20px)%20(1).png)
- India has slipped to the 5th spot in the global ranking of startup ecosystems, according to the Tracxn Geo Annual Report: India Tech 2023.
- The United States, China, the United Kingdom, and Israel continue to hold the top four spots.
- The report attributes India's decline to a slowdown in funding growth, a decrease in the number of mega-rounds, and a challenging macroeconomic environment.
Question:
Q.1 In 2023, India's global ranking in the startup ecosystem dropped to:a. 3rd
b. 4th
c. 5th
d. 6th