1.59 Lakh Startups, 16.6 Lakh Jobs Make India World’s third Largest Ecosystem: Centre | Economic system Information
New Delhi: With greater than 1.59 lakh startups recognised by the Division for Promotion of Trade and Inside Commerce (DPIIT) as of January 15, India has firmly established itself because the third-largest startup ecosystem on this planet, the federal government mentioned on Wednesday.
From 2016 to October 31, 2024, recognised startups have reportedly created over 16.6 lakh direct jobs, considerably contributing to employment era. The IT companies business leads with 2.04 lakh jobs, adopted by healthcare and lifesciences with 1.47 lakh jobs, {and professional} and business companies with round 94,000 jobs, the Ministry of Commerce and Trade mentioned in an announcement.
On January 16, India marks 9 years of ‘Startup India’, a transformative journey that started in 2016. Designated as ‘Nationwide Startup Day’, this event celebrates the nation’s strides in fostering a sturdy and inclusive entrepreneurial ecosystem.
Main hubs like Bengaluru, Hyderabad, Mumbai, and Delhi-NCR have led this transformation, whereas smaller cities have more and more contributed to the nation’s entrepreneurial momentum. Startups in fintech, edtech, health-tech, and e-commerce have tackled native challenges and gained international recognition.
“The variety of DPIIT-recognised startups has grown from round 500 in 2016 to 1,59,157 as of January 15, 2025. As of October 31, 2024, a complete of 73,151 recognised startups embrace at the very least one girl director, showcasing the rise of ladies entrepreneurs in India,” based on the federal government knowledge.
The DPIIT launched the Bharat Startup Data Entry Registry (BHASKAR) platform in September final yr. This cutting-edge initiative, a part of the Startup India programme, goals to centralize and streamline interactions inside India’s entrepreneurial ecosystem.
‘Startup Mahakumbh 2024’ witnessed exceptional participation, with 48,000 attendees, 1,300 exhibitors, and international delegations from 14 nations, underscoring its rising prominence in shaping India’s entrepreneurial panorama.
The fifth version of Startup Mahakumbh is all set to happen on March 7-8, 2025, in New Delhi, mentioned the Ministry.
