New Delhi, Jan 11
The total number of registered startups in India have surged to 1,57,066 from around 400 in 2016, when the 'Startup India' initiative was launched, with investment in these new ventures jumping to $115 billion, from $8 billion in this nine-year period, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT).
These startups have created over 1.6 million jobs across the country, demonstrating their role as significant employment generators.
Besides, there are more than 73,000 startups with at least one-woman director that have been recognised under the 'Startup India' initiative.
"This represents nearly half of the 1,57,066 startups supported by the government, showcasing the crucial role women play in driving innovation and economic growth," according to an official statement.
India has now emerged as one of the most vibrant startup ecosystems globally, earning its place as the third-largest startup hub with over 100+ unicorns which are worth at least a billion dollars.