Indian Startups Creating Jobs: Finance Ministry Report
1.14 lakh startups generate more than 12 lakh jobs in India: Finance ministry

Finance Ministry

NEW DELHI: More than 1.14 lakh startups in India have created over 12 lakh jobs so far, the finance ministry said in its latest review of the Indian economy. In the report titled, 'The Indian Economy: A Review January 2024', the Department of Economic Affairs said that the 1.14 lakh startups recognised by the government under the 'Startup India initiative' created more than 12 lakh jobs (as of October 2023). The state-owned e-commerce platform Open Network for Digital Commerce (ONDC) clocked more than 63 lakh transactions till November 2023, the document read. Despite facing global challenges in 2023 like valuation issues, few IPOs, regulatory changes and macroeconomic and geopolitical trends, India remains the third largest tech start-up ecosystem globally, with over 950 tech startups founded last year. The cumulative funding for more than 31,000 tech startups has exceeded $70 billion (from 2019 to 2023), according to a recent report by Nasscom in collaboration with Zinnov. "In 2023, despite facing global economic and regulatory challenges, Indian tech startups have prioritized the imperative of enhancing their business fundamentals, driving profitability and growth," said Debjani Ghosh, President, Nasscom. "The proliferation of tech startups in tier 2 and 3 cities marks the ecosystem's resilience," she added. Navigating 2024, tech startup founders expect to continue the revenue growth path with measured steps focusing on optimizing expenditure and maximizing profitability for B2B tech startups. Investments in deeptech will continue an upward trend in 2024. With generative AI (GenAI) acceleration, 70 per cent of startup founders are embedding artificial intelligence (AI) in their solutions. As funding becomes scarce for the Indian startup ecosystem in general, the explosion of Artificial Intelligence (AI) has given a new lease of life to entrepreneurs and founders in the country, as the Centre extends support to the sector.

Stay informed with the latest business news, updates on bank holidays and public holidays. Boost your business with AI. Join this course by GrowFast and unlock the power of artificial intelligence. Sign up now!

Chevrolet apuesta fuerte por Sudamérica: la nueva Tracker se fabricará en Argentina y se suman más modelos
Chevrolet apuesta fuerte por Sudamérica: la nueva Tracker se fabricará en Argentina y se suman más modelos
よかれと思ってやっているのに逆効果!? 愛車の寿命を縮めるNGカーケア5選
よかれと思ってやっているのに逆効果!? 愛車の寿命を縮めるNGカーケア5選
愛車を大切に扱っているつもりが、実は知らず知らずのうちに車の寿命を縮めてしまっていることがあります。日常的に何気なく行っているケアでも、間違った方法はトラブルの元に。今回は、意外と多い「やりがちなNG行動」を5つピックアップし、その理由と正しい対処法を詳しく解説します。NG行為1:下り坂でNレンジに入れて燃費を節約しようとする下り坂でAT車のシフトをNレンジにするのは、一見燃費が良くなりそうですが、実は逆効果。現代のAT車はDレンジのままアクセルを戻せば、エンジンが燃料噴射を抑えて効率的に走行してくれます。Nレンジにするとエンジンからの駆動力が断たれ、AT内部の潤滑オイルを送るポンプが停止し、内部の損傷リスクが高まるため非常に危険です。たとえ誤操作しても安全機能で保護されていますが、基本的には絶対に避けましょう。NG行為2:タイヤの空気圧を必要以上に高く設定する空気圧は車ごとに適正値が決まっており、燃費や走行性能を保つためにも守るべきポイントです。高めに設定すれば燃費がよくなると思われがちですが、過剰に高くするとタイヤの衝撃吸収力が低下し、足回りの部品にダメージを与えたり、偏摩耗や雨天
洗練と力強さを兼ね備えた都会派SUVへ進化――レクサスLBXが一部改良&モデリスタ仕様で新登場!
洗練と力強さを兼ね備えた都会派SUVへ進化――レクサスLBXが一部改良&モデリスタ仕様で新登場!
レクサスは2026年5月15日、同ブランド最小のコンパクトSUV「LBX」を一部改良し、同時にトヨタのカスタマイズブランド「モデリスタ」による専用仕様を設定して新たに発売しました。洗練されたスタイルとさらなる走行性能を兼ね備え、注目を集めています。2023年12月に登場したLBXは、「高級車の常識を変える」というコンセプトのもと開発され、登場からわずか半年で世界60以上の国と地域に展開。累計販売台数はすでに6万5000台を突破し、レクサスのグローバル戦略における新たな主力モデルとしての地位を確立しています。LBXは、専用チューニングを施したTNGA GA-Bプラットフォームをベースに、「Lexus Driving Signature」の深化を目指した上質なハンドリングと静粛性を追求。都市部での快適な移動を重視した設計が特徴です。ボディサイズは全長4190mm、全幅1825mm、全高1545mmと、取り回しやすさと存在感を両立。ホイールベースは2580mmで、張り出し感のあるフェンダーと大径タイヤが力強く安定したスタンスを演出します。フロントマスクには新世代デザイン「ユニファイドスピンド
Sucesso relâmpago: Volkswagen Tera vende 12 mil unidades em menos de uma hora no Brasil
Sucesso relâmpago: Volkswagen Tera vende 12 mil unidades em menos de uma hora no Brasil
A Volkswagen começou com o pé direito a trajetória do seu novo modelo nacional: o Volkswagen Tera. Em um lançamento eletrizante realizado simultaneamente nas 472 concessionárias da marca pelo Brasil, o veículo vendeu 12 mil unidades em apenas 50 minutos — uma média impressionante de quatro carros por segundo.
Chevrolet apuesta fuerte por Sudamérica: la nueva Tracker se fabricará en Argentina y se suman más modelos
Chevrolet apuesta fuerte por Sudamérica: la nueva Tracker se fabricará en Argentina y se suman más modelos
よかれと思ってやっているのに逆効果!? 愛車の寿命を縮めるNGカーケア5選
よかれと思ってやっているのに逆効果!? 愛車の寿命を縮めるNGカーケア5選
愛車を大切に扱っているつもりが、実は知らず知らずのうちに車の寿命を縮めてしまっていることがあります。日常的に何気なく行っているケアでも、間違った方法はトラブルの元に。今回は、意外と多い「やりがちなNG行動」を5つピックアップし、その理由と正しい対処法を詳しく解説します。NG行為1:下り坂でNレンジに入れて燃費を節約しようとする下り坂でAT車のシフトをNレンジにするのは、一見燃費が良くなりそうですが、実は逆効果。現代のAT車はDレンジのままアクセルを戻せば、エンジンが燃料噴射を抑えて効率的に走行してくれます。Nレンジにするとエンジンからの駆動力が断たれ、AT内部の潤滑オイルを送るポンプが停止し、内部の損傷リスクが高まるため非常に危険です。たとえ誤操作しても安全機能で保護されていますが、基本的には絶対に避けましょう。NG行為2:タイヤの空気圧を必要以上に高く設定する空気圧は車ごとに適正値が決まっており、燃費や走行性能を保つためにも守るべきポイントです。高めに設定すれば燃費がよくなると思われがちですが、過剰に高くするとタイヤの衝撃吸収力が低下し、足回りの部品にダメージを与えたり、偏摩耗や雨天
洗練と力強さを兼ね備えた都会派SUVへ進化――レクサスLBXが一部改良&モデリスタ仕様で新登場!
洗練と力強さを兼ね備えた都会派SUVへ進化――レクサスLBXが一部改良&モデリスタ仕様で新登場!
レクサスは2026年5月15日、同ブランド最小のコンパクトSUV「LBX」を一部改良し、同時にトヨタのカスタマイズブランド「モデリスタ」による専用仕様を設定して新たに発売しました。洗練されたスタイルとさらなる走行性能を兼ね備え、注目を集めています。2023年12月に登場したLBXは、「高級車の常識を変える」というコンセプトのもと開発され、登場からわずか半年で世界60以上の国と地域に展開。累計販売台数はすでに6万5000台を突破し、レクサスのグローバル戦略における新たな主力モデルとしての地位を確立しています。LBXは、専用チューニングを施したTNGA GA-Bプラットフォームをベースに、「Lexus Driving Signature」の深化を目指した上質なハンドリングと静粛性を追求。都市部での快適な移動を重視した設計が特徴です。ボディサイズは全長4190mm、全幅1825mm、全高1545mmと、取り回しやすさと存在感を両立。ホイールベースは2580mmで、張り出し感のあるフェンダーと大径タイヤが力強く安定したスタンスを演出します。フロントマスクには新世代デザイン「ユニファイドスピンド
Sucesso relâmpago: Volkswagen Tera vende 12 mil unidades em menos de uma hora no Brasil
Sucesso relâmpago: Volkswagen Tera vende 12 mil unidades em menos de uma hora no Brasil
A Volkswagen começou com o pé direito a trajetória do seu novo modelo nacional: o Volkswagen Tera. Em um lançamento eletrizante realizado simultaneamente nas 472 concessionárias da marca pelo Brasil, o veículo vendeu 12 mil unidades em apenas 50 minutos — uma média impressionante de quatro carros por segundo.
logo Trending News
Indian E-commerce Firm Udaan Raises $340 Million Ahead of Planned IPO
Indian E-commerce Firm Udaan Raises $340 Million Ahead of Planned IPO
Indian e-commerce firm Udaan raised $340 million to strengthen its supply chain and boost vendor partnerships ahead of a stock market debut planned for 2025. The Series E round was done via a combination of fresh equity and conversion of debt, the Bangalore-based company said in a statement Thursday. The round was led by M&G Plc and existing investors including Lightspeed Venture Partners and DST Global participated. The round "fully funds our business plan," Vaibhav Gupta, Udaan
Gold and Silver Price Prediction Today
Gold and Silver Price Prediction Today
Gold price prediction: MCX Gold prices have been trading significantly above the ₹1,00,000 mark, indicating strong bullish momentum in the domestic market. (AI image) Gold and silver price prediction today: Gold rates have been exhibiting bullish momentum in the domestic market. What levels of gold and silver prices should investors watch out for? Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group shares his views: MCX Gold MCX Gold prices have
Stock Market Today: Impact of US Tariffs on Indian Markets
Stock Market Today: Impact of US Tariffs on Indian Markets
Thursday's trading will be influenced by the US President's implementation of additional 25% tariffs. (AI image) Stock market today: Indian stock markets opened in the red on Thursday after US President Donald Trump announced a sharp hike in tariffs on Indian goods, doubling them to 50%, weighing on overall market sentiment. As of 11:42 AM, the Nifty50 was down 138.05 points (0.56%) at 24,436.15. The BSE Sensex also fell by 409.02 points (0.51%) to 80,134.97. Earlier in the day at 9:1
National Securities Depository Ltd (NSDL) Soars on Debut, Shares List 15% Higher
National Securities Depository Ltd (NSDL) Soars on Debut, Shares List 15% Higher
National Securities Depository Ltd (NSDL) shares had a robust start on Wednesday, opening 15% above the issue price of Rs 800. NSDL shares debuted at Rs 880 on the BSE, marking a 10% premium over the issue price. The stock surged further by 15% to reach Rs 920, propelling the company's market valuation to Rs 18,249 crore on the BSE. NSDL's Initial Public Offering (IPO) of Rs 4,011 crore garnered a subscription of 41 times on the closing day of bidding on Friday. Despite N
Warren Buffett's Circle of Competence: An Investing Philosophy
Warren Buffett's Circle of Competence: An Investing Philosophy
Warren Buffett, the billionaire investor behind the success of Berkshire Hathaway, is widely admired not just for his wealth, but for his simple, time-tested investment philosophy. One of his most powerful ideas is the “circle of competence” — the concept that you don’t need to understand everything about every business to be a great investor. Instead, staying within your intellectual comfort zone is the key to making rational, long-term decisions. As Buffett once wrote, understanding your limits is more important than having a vast amount of knowledge. This principle still offers a practical framework for anyone looking to invest wisely in today’s fast-paced market.
RBI Monetary Policy Committee Meeting: Experts Predict Repo Rate Status Quo
RBI Monetary Policy Committee Meeting: Experts Predict Repo Rate Status Quo
Experts expect the central bank to maintain a status quo on repo rate. RBI Monetary Policy Committee (MPC) meet date, time: The MPC, under the leadership of Reserve Bank of India (RBI) governor Sanjay Malhotra, met this week for the bi-monthly monetary policy review. The committee will assess several economic parameters, including the repo rate, liquidity conditions, CPI inflation and GDP growth outlook for India's economy.The timing of RBI’s monetary policy assumes significa
Minuscule AI Startup Raises $41 Million to Tap India Growth
Minuscule AI Startup Raises $41 Million to Tap India Growth
A generative artificial intelligence startup targeting the Indian market raised $41 million in fresh funding, the largest such round by an early-stage AI contender in the country. Sarvam AI is building large language models targeted at unique uses in Indian languages at price points that the country's 1.4 billion people can afford. The Series A funding round was led by Lightspeed Venture Partners, and participants included Silicon Valley billionaire Vinod Khosla's Khosla Ventures and Peak XV Par
T&T Group to Launch Rs 700 Crore Residential Project in Raj Nagar Extension
T&T Group to Launch Rs 700 Crore Residential Project in Raj Nagar Extension
T&T Raj Nagar Extension, known for its affordability, may soon see a shift in its residential landscape. T&T Group is preparing to launch a premium housing project in the area, with an estimated worth of Rs 700 crore, which is expected to significantly expand its market share in the luxury housing market.Spread across 3.25 acres, the upcoming project will feature over one million square feet of built-up area and offer 3 and 4 BHK apartments across Ground + 16-storey towers. The design reportedly