In a reply to the Lok Sabha, the Commerce Ministry informed that India has created a total of 72,993 start-ups in six years from 2016 to 2022. Amongst these, Maharashtra has 13,519 start-ups, while Karnataka has 8,881 start-ups, for the same period.
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India,with large number of start-ups growing exponentially day
by day,now has the third largest number of start-up in the world.
This not only impact the socio-economics of existing start-ups but
also creates a large number of opportunities for upcoming
start-ups.With the advent of Start-up India Campaign in 2016, Prime
Minister Narendra Modi aimed at boosting entrepreneurship and young
talent in India. The object was to finance the start-ups, provide
various tax exemptions, simplify the start-up process and other
benefits.
Currently, India has the second largest number of unregistered