India touches 75,000 recognized start-ups:
The Department for Promotion of Industry and Internal Trade (DPIIT) has recently recognized 75,000 start-ups. This has been achieved when India is celebrating the 75th year of Independence. This start-up ecosystem was initially started on interest of innovation and entrepreneurial spirit
Start-up ecosystem in India:
v Our Prime Minister Narendra Modi on August 15, 2015 has dreamed a new developed India that will uses its entrepreneurial potential of its fellow people.
v On January 16, 2016, this scheme was started to advance an action plan for creating a start-up ecosystem in India.
v January 16 was recognized as the National Start-up Day.
v 6 years then, this plan has incredibly made India the 3rd largest ecosystem in the world.
v Initially 10000 start-ups were recognized around 808 days. The recent 1000 start-ups were recognized in 156 days of time which shows the Indian citizens involvement in entrepreneurship.
v As for the record, over 80 Start-ups were being recognized every day. It will be the highest rate around the world.
v As recorded that, 12% of the start-ups belongs to IT services, 9% of the start-ups belong to Healthcare & Life Sciences, 5% of the start-ups were professional & commercial services, 7% for the education, and 5% to the agriculture.
Start-up India scheme:
The start-up India program was an initiative of the government of India which was announced by Indian Prime Minister, Narendra Modi during the Independence speech on 15th August 2015 This scheme was based on three areas namely; Funding support, simplification and handholding, and Incentives.