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7. Nine years of Startup India

? On January 16, 2025, India marks nine years of Startup India, a transformative journey that began
in 2016. Designated as National Startup Day, this occasion celebrates the nation’s strides in
fostering a robust and inclusive entrepreneurial ecosystem.

? With more than 1.59 lakh startups recognized by the Department for Promotion of Industry and
Internal Trade (DPIIT) as of January 15, 2025, India has firmly established itself as the third-largest
startup ecosystem in the world. This vibrant ecosystem, driven by over 100 unicorns, continues
to redefine innovation and entrepreneurship on the global stage.

? Major hubs like Bengaluru, Hyderabad, Mumbai, and Delhi-NCR have led this transformation,
while smaller cities have increasingly contributed to the nation's entrepreneurial momentum.

Key Milestones of Startup India

? The number of DPIIT-recognised startups has grown from around 500 in 2016 to 1,59,157 as of
January 15, 2025.

? As of October 31, 2024, a total of 73,151 recognised startups includes at least one-woman
director, showcasing the rise of women entrepreneurs in India.

? From 2016 to October 31, 2024, recognised startups have reportedly created over 16.6 lakh direct
jobs, significantly contributing to employment generation.

Core Features of the Startup India Initiative

? Ease of Doing Business: Simplified compliance, self-certification, and single-window clearances
streamline processes for startups.

? Tax Benefits: Eligible startups enjoy tax exemptions for three consecutive financial years.

? Funding Support: The ?10,000 crore Fund of Funds for Startups (FFS) supports early-stage funding.

? Sector-Specific Policies: Focused policies for sectors like biotechnology, agriculture, and
renewable energy foster targeted growth.

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