The abolition of angel tax in India has revitalized the startup ecosystem, prompting many companies to relocate back to India. This change, part of the FY25 Budget, encourages startups previously registered abroad for tax benefits to return, significantly impacting the equity market. Since the 2016 Startup India initiative, registered startups have surged to over 157,000, generating $155 billion in funding by 2024 and creating 1.7 million jobs. The Department for Promotion of Industry and Internal Trade is also fostering international collaborations and promoting manufacturing startups, indicating a robust support system for entrepreneurship in India.