India has over 75,000 startups: Govt


Ahead of the 75th Independence Day celebrations of India, the government has claimed that there are 75,000 recognized startups operating within the country which have created 7.46 lakh jobs. The Union Minister for Commerce & Industry, Piyush Goyal, on Wednesday, August 3, announced that India has achieved a milestone – 75000 startups have been recognized in the country.


Goyal tweeted on Wednesday, August 3, “These numbers tell the power of a vision. A vision to see innovation & enterprise drive growth. India is now home to 75,000 startups in the 75th year of Independence and this is only the beginning. Information provided by the government says that 49% of startups are from tier II and tier III cities.


According to an official communique of the government, “The Department for Promotion of Industry and Internal Trade (DPIIT) has recognized more than 75,000 startups. The milestone coincides with 75th year of independence of the country. As India celebrates Azadi ka Amrit Mahotsav, the Indian startup ecosystem continues to be driven by innovation, enthusiasm, and entrepreneurial spirit.”


“Out of the total recognized startups, around 12% cater to IT services, 9% to Healthcare and Life Sciences, 7% to education, 5% to professional and commercial services and 5% to agriculture. An impressive, 7.46 lakh jobs have been created by the Indian startup ecosystem, so far, which has been a 110% yearly increase over the last 6 years. The fact that about 49% of our startups are from Tier II & Tier III today is a validation of the tremendous potential of our country’s youth,” the government communique said.


The statement said that in 2016, January 16 was declared National Startup Day, and the government had initiated a program to lay out an action plan to build a strong ecosystem for nurturing innovation and startups in the country. It claimed: “Six years since then, the action plan has successfully guided into making India the 3rd largest ecosystem.” The initial 10,000 startups were recognized in 808 days, the latest 10,000 were achieved in only 156 days.


“Startup India program which was primarily setup to provide an enabling environment for the startups, has today evolved into the launchpad for them. From providing funding to tax incentives, from support on intellectual property rights to eased public procurement, from enabling regulatory reforms to access to international fests and events, the Startup India program has become synonymous with sustainable economic growth,” said the government statement.


Another government initiative to mark the 75th Independence Day celebrations on August 15, ‘Har Ghar Tiranga’ was flagged off by the Vice President, M. Venkaiah Naidu on Wednesday, August 3. A bike rally consisting of Members of Parliaments from Red Fort to Vijay Chowk was organized by the Union Ministry of Culture to amplify the awareness of ‘Har Ghar Tiranga’, a government of India initiative to inculcate a personal connect between the citizens of India and the National Flag. Various Union Ministers too participated in the bike rally.


Naidu called upon the Members of Parliament and other elected representatives to take the message of Azadi ka Amrit Mahotsav and the emotional connection to the National Flag to the people. He added that the independence day celebrations must “remind us of the numerous sacrifices our freedom fighters had to make in their struggle against colonial rule”. He also called for recounting tales of bravery and social harmony from the freedom struggle.


Minister for Commerce and Industry, Piyush Goyal, Minister of Parliamentary Affairs, Pralhad Joshi, Minister for Culture, Kishan Reddy, Minister of Women and Child Development of India, Smriti Irani, Minister of Youth Affairs and Sports of India, Anurag Thakur, Minister of State for Parliamentary Affairs & Culture, Arjun Ram Meghwal, Ministers of State for External Affairs, Meenakshi Lekhi and V. Muraleedharan and a large number of MPs participated in the event.