1.4 lakh recognized startups in India, validating 'Startup India' initiative's success.
India now has over 1.4 lakh (140,803) recognized startups, as per a Union Minister of State for Commerce and Industry's statements in the Rajya Sabha. The growth validates the success of the 'Startup India' initiative launched in 2016, aiming to foster innovation and encourage investments. The Indian government introduced measures such as 55 regulatory reforms, angel tax abolition, and the Fund of Funds for Startups scheme with a corpus of Rs 10,000 crore.
July 26, 2024
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