The Economic Survey 2018-19

More than half of start-ups are from tier-2 and tier -3 cities: Survey

Of the over 16,500 recognised start-ups as on March 1, 2019, nearly half were from the tier-2 and tier-3 cities, as per the Economic Survey 2018-19.

Additionally, about 46% of these start-ups, across 499 districts in the country, have at least one woman director.

The Economic Survey showed that Maharashtra with nearly 19% of the recognised start-ups tops the list of state-wise distribution of recognized Start-ups in India. Maharashtra, is followed by Karnataka (14.67%), Delhi (13.38%), Uttar Pradesh (8.23%), Telangana (5.59%), Haryana (5.33%), Tamil Nadu (5.18%), Gujarat (5.17%), Kerala (4%) and West Bengal (3.03%).

As regards to industry-wise distribution of recognised start-ups, IT Services accounted for around 15% such start-ups, followed by Healthcare & Life sciences (8.97%), Education (8.07%), Professional & Commercial Services (4.15%), Food & Beverages (4.01%), Agriculture (3.73%), Finance Technology (3.10%), Renewable Energy (3.09%), Internet of Things (3.05%) and Technology Hardware (3.04%).

“Start-ups drive economic growth, create employment and foster a culture of innovation,” the Survey said.

This article is closed for comments.
Please Email the Editor

Printable version | Sep 23, 2020 4:44:37 AM | https://www.thehindu.com/business/budget/more-than-half-of-start-ups-are-from-tier-2-and-tier-3-cities-survey/article28287344.ece

In This Package
Economic Survey: Aadhaar aided MGNREGS beneficiaries
FDI needed to spur the virtuous cycle in India, says CEA Krishnamurthy Subramanian
Survey calls for tax cuts, space for hotels in infra boost to tourism
Economic Survey moots central welfare database of citizens
India could host ‘Detroit’ of EVs
‘Reward top taxpayers, shame defaulters’
Well-designed minimum wage system required to reduce wage inequality, says Economic Survey 2018-19
Economic Survey 2018-19: Private funds needed for Swachh Bharat
Economic Survey 2018-19 calls for improvement in contract enforcement regime
‘Recovery under IBC higher at 43%’
You are reading More than half of start-ups are from tier-2 and tier -3 cities: Survey
Economic Survey: shift focus to water productivity
Economic Survey 2019 in six charts
India must spend $200 billion on infra annually; harnessing pvt. investment a challenge: Economic Survey
No train collisions in 2018-19, fire incidents rise: Economic Survey
Finance Ministry makes progress in strategic sale of 28 Central Public Sector Enterprises
Economic Survey lays out blueprint for $5 trillion economy
Read: Full text of Economic Survey 2019
India needs to increase energy consumption to raise per capita income: Eco Survey
Economic Survey calls for enhanced efficiency in judiciary to help improve ease of doing business
India’s march towards SDGs anchored in investing in human capital, inclusive growth: Economic Survey
Debt recovery mechanism strengthened with IBC, says Economic Survey
Economic Survey 2018-2019 proposes to raise retirement age
Gross tax to GDP ratio dips to 10.9% in FY’19
Economic Survey suggests merging of different datasets held by govt
Economic Survey: Many states became open defecation free since launch of Swachh Bharat
Next Story