As of June 30, 2024, India’s dynamic startup ecosystem has achieved a significant milestone, with over 1.4 lakh (140,803) startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT). These startups have collectively created more than 15.53 lakh (1,553,288) direct jobs, underscoring their pivotal role in the nation’s economic growth and employment generation.
Year-wise Breakdown of Direct Jobs Created by DPIIT-Recognized Startups:
| Year | Number of Direct Jobs Created |
|---|---|
| 2016 | 306 |
| 2017 | 51,980 |
| 2018 | 1,00,646 |
| 2019 | 1,63,463 |
| 2020 | 1,81,404 |
| 2021 | 2,10,545 |
| 2022 | 2,74,685 |
| 2023 | 3,91,943 |
| 2024* | 1,78,316 |
| Total | 15,53,288 |
Data for 2024 is as of June 30, 2024.
This remarkable growth reflects the effectiveness of the Startup India initiative, launched in 2016, which has fostered innovation and entrepreneurship across the country. The initiative has not only facilitated the recognition of startups but also provided them with necessary support through various schemes and reforms.
The Union Minister of State for Commerce and Industry, Shri Jitin Prasada, highlighted these achievements in a written reply in the Lok Sabha, emphasizing the government’s commitment to nurturing the startup ecosystem.
The consistent increase in job creation by startups over the years underscores their growing contribution to the economy. From a modest 306 jobs in 2016 to a substantial 3,91,943 jobs in 2023, the upward trajectory is evident.
This data not only showcases the success of India’s startup policies but also highlights the entrepreneurial spirit driving the nation’s economic development. As startups continue to thrive, they are expected to play an increasingly significant role in job creation and innovation in the coming years.
