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

Updated - July 04, 2019 11:26 pm IST

Published - July 04, 2019 10:29 pm IST - NEW DELHI

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.

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