Comments
India in its 75th year of Independence is now home to as many as 75,000 start-ups, Union minister Piyush Goyal said on Wednesday.
The Commerce and Industry Ministry stated that an "impressive" 7.46 lakh jobs have been created by the Indian start-up ecosystem so far, which has been a 110 per cent yearly increase over the last six years.
In a tweet, the Commerce and Industry Minister Goyal said, "These numbers tell the power of a vision. A vision to see innovation & enterprise drive growth." "
India is now home to 75,000 start-ups in the 75th year of Independence and this is only the beginning, Goyal said in the tweet.
"The fact that about 49 per cent of our start-ups are from Tier II & Tier III today is a validation of the tremendous potential of our country's youth," an official statement said.
It also highlighted that while the initial 10,000 start-ups were recognised in 808 days, the latest 10,000 were achieved in only 156 days.
"With more than 80 start-ups getting recognised per day- highest rate in the world, the future of the start-up culture is very promising and encouraging," the statement said.
Goyal had recently said the country aspires to become the largest start-up ecosystem in the world.
On another occasion, Goyal had appealed to start-ups to get incorporated and listed in India and not leave the country "just for few dollars more".
Out of the total recognized start-ups, around 12 per cent cater to IT services, 9 per cent to healthcare and life sciences, 7 per cent to education, 5 per cent to professional and commercial services and 5 per cent to agriculture.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.