How is the Indian government boosting the startup ecosystem with its new funding approach?

The Indian government is enhancing the startup ecosystem by adding ₹10,000 crores to its existing startup fund of ₹91,000 crores. Instead of directly funding individual startups, the government is using a 'fund of funds' approach, where money is invested in private equity funds, venture capital funds, and hedge funds that manage startup investments. This strategy reduces risk for investors by betting on entire portfolios rather than single companies, ensuring that even if some startups fail, others balance out the risk. The approach aims to increase capital availability for Indian founders, create more jobs, and reduce investor risk - a model that has proven successful in global markets like the US and China.