India home to as many as 75,000 start-ups, says Piyush Goyal

In a tweet, the Commerce and Industry Minister said "These numbers tell the power of a vision. A vision to see innovation & enterprise drive growth"

Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal.
Press Trust of India New Delhi
2 min read Last Updated : Aug 03 2022 | 11:45 PM IST
India in its 75th year of Independence is now home to as many as 75,000 startups, Union minister Piyush Goyal said on Wednesday.

In a tweet, the Commerce and Industry Minister said “These numbers tell the power of a vision. A vision to see innovation & enterprise drive growth."

“India is now home to 75,000 startups in the 75th year of Independence and this is only the beginning," Goyal said in the tweet.

The minister had recently said the country aspires to become the largest start-up ecosystem in the world.

On another occasion, Goyal had appealed to startups to get incorporated and listed in India and not leave the country "just for few dollars more". 

The Ministry of Commerce and Industry stated that the latest 10,000 start-ups were recognised in 156 days, compared to the initial 10,000 start-ups that were recognised in 808 days. It added that 49 per cent of the start-ups are from tier-2 and tier-3 cities. 

Of the recognised start-ups, 12 per cent cater to IT services, 9 per cent to health care and life sciences, 7 per cent to education, 5 per cent to professional and commercial services and 5 per cent to agriculture.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Piyush GoyalCompaniesStartups

Next Story