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Indian startups generated over 6 lakh jobs: President Kovind

A Nasscom-Zinnov report said this month that Indian startups raised a record $24.1 billion in 2021, a two-fold increase over pre-Covid levels, while $6 billion were raised via public markets with 11 startup IPOs. The Indian tech startup base continues to witness steady growth, adding over 2250 startups in 2021, which is 600 more than 2020

Source | | IANS

Hailing the Indian startup success story, President Ram Nath Kovind on Monday said the burgeoning startup ecosystem has generated more than 6 lakh jobs to date.

Addressing the joint session of Parliament, Kovind said that since 2016, India has seen 60,000 startups in 56 different sectors.

“Our startup industry is also an example of the infinite new possibilities that are rapidly taking shape under the leadership of our youth. Since 2016, 60,000 new startups have been established in 56 different sectors in our country,” he emphasised.

“More than six lakh jobs have been created by these startups. In 2021, during the Corona period, more than 40 unicorn startups emerged in India, each with a minimum market valuation of Rs 7,400 crore ($1 billion),” said the President.

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