Home › December 2023 › 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

December 14, 2023
Current Context: The ‘Tracxn Geo Annual Report: India Tech 2023’ was released on December 8, 2023. India’s tech startup ecosystem has seen a significant decline in funding, making 2023 the lowest-funded year in the last five years.
Tracxn Geo Annual Report:India Tech 2023, India Slips to 5th Spot in Global Ranking
  • 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
Labels: ,

Free Exam Resources

Useful material to support your preparation, revision and exam planning.

Previous Papers Practice with past bank exam question papers. Explore resource → English Grammar PDF Strengthen grammar fundamentals with a free PDF guide. Open PDF guide → Exam Notifications Follow the latest banking exam announcements and dates. View notifications →

Continue on BankExamsToday

Revise notes, practice questions and resume anytime.

Get App Web App
Meet your mentor

From the Founder

Ramandeep Singh, founder of BankExamsToday

Ramandeep Singh

Banking Educator · Former Banker

Former banker and educator helping aspirants prepare for banking promotion and specialist officer exams with focused, practical guidance.

14+
Years' experience
5,000+
Selections
Ex-BoB
Banking experience