India Holds World’s Highest Rate of Start-Ups Per Day
NEW DELHI, (ANI) – Start-ups have been the buzzword in India for the last several years. India is powering its growth with innovation and entrepreneurship. Currently, there are 75,000 start-ups in the country, which coincides with the 75th year of independence.
An impressive, 7.46 lakh jobs have been created, so far, which has seen a 110 percent yearly increase over the last six years. In fact, about 49 percent of Indian start-ups are from Tier II & Tier III, a picture that validates the tremendous potential of Indian youth not limited to metropolitan states. The start-ups India program, launched by the government of India in 2016, was primarily set up to provide an enabling environment for start-ups.
Today it has evolved into the launch pad for all the budding entrepreneurs and innovators across the nation. It has helped start-ups by providing funds, tax incentives, support for intellectual property rights, an eased public procurement, enabling regulatory reforms, access to international fests and events, and much more.
Currently, of the total recognized start-ups, 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.