Do you know that over 80 start-ups are being recognized every day in India which is the highest rate worldwide.
Of these total recognised start-ups, 12% belongs to IT services, 9% to Healthcare & Life Sciences, 5% to professional & commercial services, 7% to education, and 5% to agriculture.
The Department for Promotion of Industry and Internal Trade (DPIIT) of India has recognised over 75,000 start-ups. This milestone has been achieved when India is celebrating 75th year of Independence and Azadi ka Amrit Mahotsav.
Via innovation, enthusiasm, and entrepreneurial spirit, start-up ecosystem in India is picking up.
In fact, on August 15, 2015 Prime Minister Narendra Modi visualized a new India that uses its entrepreneurial potential of its citizens. On January 16, 2016, a program started to put forward an action plan for building a strong start-up ecosystem in India.
6 years later, those action plan has successfully made India the 3rd largest ecosystem.
Initial 10000 start-ups were recognized in 808 days. But the latest thousand start-ups were recognized in just 156 days.
January 16 is now celebrated as the National Start-up Day.
Start-up India Program was launched by government to provide an enabling environment for the start-ups.