Startup India programme launched by Prime Minister Narendra Modi in January 2016 to support start-ups underneath the Department for Promotion of business and Internal Trade (DPIIT) is recognising twenty-six startups on a daily basis. “With twenty-six startups being recognised by @DIPPGOI daily, #NewIndia is quickly growing as a startup hub!,” government investment promotion agency Invest Bharat tweeted on Sunday. The full count of such startups to date stood at 24,927, consistent with the programme. The figure has nearly tripled from 8,939 startups until March 2018, as per the info sourced earlier from the Ministry of Commerce and Business.
Maharashtra with 12,064 followed by 10,272 startups in Delhi and Karnataka with 7,635 startups area the highest three ecosystems with DPIIT-recognised startups in India, consistent with the Startup Bharat portal. The full range of startups in Bharat grew multiple from around 7000 in 2008 to around 50,000 by end-2018, KPMG Bharat aforementioned in an exceedingly report in Feb this year. DPIIT had in April this year proclaimed its Startup Bharat Vision 2024 to spice up the system with a slew of measures as well as reducing the monthly time taken towards compliance as well as tax returns, GST filing etc to ‘just one hour per month’, PTI reported citing an official. However, this may well be difficult for the government to attain since the time taken for GST filing alone subjectively relies on the firms' size and presence.