471 Indian Startups 6 Years Ago. Today, 72,993. A Whopping 15,400% Rise.

471 Indian Startups Six Years Ago. Today, 72,993. An astonishing 15,400% increase.

India has 72,993 startups, up from 471 as of 2016 and 72,993 in June 2022. These numbers were helped by government intervention, Som Pakash, Minister of Commerce and Industry said Friday.

Any country can grow through startups or the technology ecosystem.

In recognition of this, the government launched Startup India in January 2016 in an effort to strengthen India’s entrepreneurial culture.

Startups from 56 different sectors have been recognized by the Department for Promotion of Industry and Internal Trade. In sectors that relate to new technologies, such as robotics and artificial intelligence (Analytics), more than 4500 startups were recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).

Department of Science and Technology (DST), launched a program called National Initiative for Developing and Harnessing Innovations in 2016 to foster ideas and innovation (knowledge-based and technological-driven) that lead to successful startups.