If you compare with the support govt has given to Chinese startups - the answer could be 'yes'. But India isn't a closed economy and there is no logic behind govt supporting Indian startups.
First of all, Indian startups are foreign entities invested by foreign investors. And most importantly, Indian companies need to upp the game when it comes to building great products. Right now, most of the startups are under a heavy hangover zone (funding party is over) while their foreign counterparts are simply executing without much of PR/drama.
I have written about this earlier: