Indian startups are forecast to contribute $1 trillion to the domestic economy and generate 50 million new jobs, by 2030, according to HSBC India . India’s startup ecosystem, the bank said, is among the most dynamic and fastest growing in the world.

As part of its Innovation Banking launch, HSBC India expects to allocate a total of $1bn in non-dilutive debt capital, in a significant scale up of its lending programme to startups across early to late stages. In addition, HSBC India already has a substantial balance sheet allocation for fund financing across Venture Capital and domestic Private equity funds. With the launch of Innovation Banking, the Bank aims to expand this offering, encompassing a broader range of funds and propositions.

The initiative will offer a range of banking

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