As per the data shared by the Government in Parliament, total number of recognized Startups as on 28th February 2023 was 92,683.
The Department for Promotion of Industry and Internal Trade (DPIIT) has recognised startups that are spread across 56 diversified sectors.
Analysing sector-wise, retail has 2,160 startups, textiles and apparel has 1,362, fashion has 1,279, while logistics has 412.
Overall waste management sector has 593 startups. With regard to technology, Internet of Things (IOT) has 1,428 and robotics has 491 startups.
The Government launched the Startup India initiative on 16th January 2016 with an aim to build a stronger ecosystem for nurturing India’s startup culture that would further drive our economic growth, support entrepreneurship, and enable large-scale employment opportunities.
Sustained Government efforts in this direction have resulted in increasing the number of recognised startups from 442 in 2016 to 92,683 in 2023 (as on 28th February 2023).