From 2016 to 31 October 2024, recognized startups have reportedly created more than 16.6 lakh direct jobs, contributing significantly to employment generation. The IT services industry led with 2.04 lakh jobs, followed by healthcare and life sciences with 1.47 lakh jobs and professional and business services with around 94,000 jobs, the Ministry of Commerce and Industry said in a statement. .
On January 16, India is celebrating nine years of ‘Startup India’, a transformational journey that began in 2016. Named as ‘National Startup Day’, the occasion celebrates the country’s progress in developing a strong and inclusive business ecosystem.
Big hubs like Bengaluru, Hyderabad, Mumbai, and Delhi-NCR have led this shift, while smaller cities have contributed exponentially to the country’s business momentum. Startups in fintech, edtech, healthtech, and e-commerce have tackled local challenges and gained global recognition.
“The number of DPIIT recognized startups has increased from around 500 in 2016 to 1,59,157 by January 15, 2025. As of October 31, 2024, a total of 73,151 recognized startups have at least one woman director, Govt. According to statistics women entrepreneurs in India.
DPIIT launched the Bharat Startup Knowledge Access Registry (BHASKAR) platform in September last year. This innovative initiative is part of the Startup India programme, which aims to centralize and streamline interactions within India’s business ecosystem.
The ‘Startup Mahakumba 2024’ witnessed a remarkable participation with 48,000 attendees, 1,300 exhibitors, and global delegations from 14 countries, highlighting its growing importance in shaping India’s business landscape.
The Ministry said that the fifth edition of Startup Mahakumb is all set to be held on March 7-8, 2025 in New Delhi.