StartUp - #SectorUpdates

India in its 75th year of Independence is home to as many as 75,000 registered startups.  An “impressive” 7.46 lakh jobs have been created by the Indian startup ecosystem so far, which has been a 110 percent yearly increase over the last six years. While the initial 10,000 startups were recognized in 808 days, the latest 10,000 were achieved in only 156 days. With more than 80 Startups getting recognized per day, the highest rate in the world, the future of the startup ecosystem is looking very promising in India. The fact that about 49 percent of the startups are from Tier II & Tier III locations is a validation of the tremendous potential of our country’s youth. Out of the total recognized startups, around 12 percent cater to IT services, 9 percent to healthcare and life sciences, 7 percent to education, 5 percent to professional and commercial services, and 5 percent to agriculture.

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