India achieves landmark milestone with over 75000 start-ups recognised so far

India has crossed 75 thousand recognised Start Ups. Department for Promotion of Industry and Internal Trade (DPIIT) has recognized more than 75 thousand startups which is a milestone coinciding with 75th year of independence. 

Ministry of Commerce and Industry said in a tweet that the Indian startup ecosystem continues to be fueled by innovation, enthusiasm, and entrepreneurial spirit.

During the Independence Day speech in 2015, Prime Minister Narendra Modi had envisioned a new India which taps on the entrepreneurial potential of its people. 

On 16th January 2016, the date which has now been declared as the National Startup Day, a program was initiated to lay out an action plan to build a strong ecosystem for nurturing innovation and startups in the country. 

Six years later, the action plan has successfully turned India into the 3rd largest start up ecosystem. 

The initial ten thousand startups were recognized in 808 days, whereas the latest ten thousand were achieved in only 156 days.

Commerce Ministry said more than 80 Startups are getting recognized per day.