India achieves landmark milestone of recognising over 75000 startups so far

India has achieved a landmark milestone, as the Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce & Industry, has recognized more than 75,000 startups in the country.
This achievement has been achieved in a period of just six years and also coincides with the 75th year of independence of India.
Of the total recognized startups, around 12% belongs to IT services, 9% to Healthcare and Life Sciences, 7% to education, 5% to professional and commercial services and 5% to agriculture.
About 49% startups are from Tier II & Tier III.
The vision for new India was envisioned by PM Modi during the 15th August 2015 speech.
The program to lay out an action plan to build a strong ecosystem for nurturing innovation and startups in the country was laid on January 16, 2016.
By 2022, the action plan has guided India to become the 3rd largest ecosystem.

Source: PIB