Average 11 jobs created by each startup; Rs 17,272 crore invested in 915 startups: Startup India review

The Commerce Ministry in its annual review on Tuesday said that more than 1.14 lakh startups have been recognized by the government which have reported the creation of more than 12 lakh jobs with an average of 11 jobs created by each recognised startup under the Startup India programme.

“Several programs have been implemented over the years under the Startup India initiative to support entrepreneurs, build a robust startup ecosystem, and transform India into a country of job creators rather than job seekers,” the ministry said.