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…