![Over 5,000 startups shut amid funding woes, however job development continues: Commerce Ministry, ETCFO Over 5,000 startups shut amid funding woes, however job development continues: Commerce Ministry, ETCFO](https://i3.wp.com/etimg.etb2bimg.com/thumb/msid-116259184,imgsize-4076,width-1200,height=765,overlay-etcfo/economy/over-5000-startups-shut-amid-funding-woes-but-job-growth-continues-commerce-ministry.jpg?w=600&resize=600,400&ssl=1)
Over 5,000 startups shut amid funding woes, however job development continues: Commerce Ministry, ETCFO
India’s startup sector, lengthy celebrated for its innovation and job creation, has seen a regarding rise in closures. In accordance with authorities information greater than 5,000 startups registered underneath the Startup India initiative have shut down, accounting for 3.3% of the 1.52 lakh startups acknowledged by the Division for Promotion of Business and Inner Commerce…