The News Pit

Friday, 14th February 2025

India Ranked As World’s Third-Largest Startup Ecosystem

By Rupa Das -
  • Updated
  • :
  • 16th January 2025,
  • 8:24 PM

India has firmly secured its position as the third-largest startup ecosystem globally, according to the Department of Promotion of Industry and Internal Trade (DPIIT). The country now boasts over 1.59 lakh startups, which have collectively generated 16.6 lakh direct jobs since the launch of the ‘Startup India’ initiative in 2016. As of January 15, 2025, India’s startup ecosystem continues to expand rapidly. Since 2016, when the ‘Startup India’ initiative began, the country has seen remarkable progress. Over 1.59 lakh startups have been established, significantly contributing to the job market. The […]

India Ranked As World's Third-Largest Startup Ecosystem

India Ranked As World's Third-Largest Startup Ecosystem

India has firmly secured its position as the third-largest startup ecosystem globally, according to the Department of Promotion of Industry and Internal Trade (DPIIT). The country now boasts over 1.59 lakh startups, which have collectively generated 16.6 lakh direct jobs since the launch of the ‘Startup India’ initiative in 2016.

As of January 15, 2025, India’s startup ecosystem continues to expand rapidly. Since 2016, when the ‘Startup India’ initiative began, the country has seen remarkable progress. Over 1.59 lakh startups have been established, significantly contributing to the job market. The growth of these businesses has led to the creation of over 16.6 lakh jobs, with several industries making notable contributions.

Key Sectors Driving Job Creation

Among the many sectors, IT services stand out as the biggest job creator. This sector alone has generated 204,000 jobs. Following IT, healthcare and life sciences have contributed 147,000 jobs, while professional and business services have added 94,000. These sectors have become the backbone of India’s growing economy.

On January 16, the government of India celebrated nine years of the ‘Startup India’ initiative, marking it as ‘National Startup Day’. This celebration highlights the remarkable progress made by the country in promoting entrepreneurship. The initiative has made it easier for more people to access the entrepreneurial world, creating a diverse and dynamic startup ecosystem.

Read More: PM Modi To Attend International AI Summit In France: India’s Key Role In Shaping Global AI Future

Cities Of India Leading Startup Revolution

While Bengaluru, Hyderabad, Mumbai, and Delhi-NCR remain the main startup hubs, other cities have also started emerging as important centers of innovation. These cities are contributing to the overall growth of the Indian startup ecosystem, further decentralizing the entrepreneurial landscape.

Global Recognition For Startups Of India

Indian startups are making a mark on the global stage, especially in sectors like fintech, edtech, health-tech, and e-commerce. These industries are not only solving local problems but are also gaining international recognition for their innovative solutions. This showcases India’s growing importance as a global startup powerhouse.

Read More: Charaideo Maidams: A Historic UNESCO World Heritage Milestone For Assam

Empowering Women Entrepreneurs

The DPIIT also highlighted the growing role of women in the startup world. Out of the first batch of 73,151 directors registered, at least one woman was involved, underlining the increasing participation of women in entrepreneurship.

The recently concluded Startup Mahakumbh 2024 event, which saw 48,000 participants and 1,300 exhibitors, was a huge success. It proved the entrepreneurial spirit that continues to flourish across India. The event showcased the dynamism and potential of Indian startups, offering a glimpse of the country’s bright entrepreneurial future. The next edition will be held in New Delhi on March 7-8, 2025.

India’s startup ecosystem has come a long way in just nine years. With over 1.59 lakh startups and millions of jobs created, it is now one of the leading forces in the global entrepreneurial landscape. The continued support from the government and the growing entrepreneurial spirit across the country ensure that India’s rise in the startup world will continue.

Leave a Reply

Your email address will not be published. Required fields are marked *