Q. Global Unicorn Index 2024, recently released by which organization?
Answer:
Hurun Research Institute
Notes: Hurun Research Institute's "Global Unicorn Index 2024" ranks startups founded in the 2000s. India, with 67 unicorns in 2023 (down from 68 in 2022), ranks third globally. The USA leads with 703, followed by China with 340. India lacks unicorns in Aerospace/SpaceTech. Unicorns are privately held, venture-capital backed startups valued at $1 billion. Factors behind India's unicorn decline include a startup ecosystem slowdown and unsustainable growth. India's initiatives include the Fund of Funds for Startups Scheme and tax exemptions for startups since April 2016.