Over 50% of Indian startups belong to non-metropolitan cities

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Over 50% of the recognized Indian startups belong to non-metropolitan cities, Union Minister of State for Commerce and Industry Som Prakash informed the Parliament on Wednesday.

“DPIIT recognises a total of 72,993 startups as of 30 June 2022, with 34,473 (48 percent) of those startups based in Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru, Pune, and Ahmedabad. As a result, non-metropolitan startups account for more than half of all recognised startups “”Tier II and III cities,” he said in response to a question in the Lok Sabha about whether 50 percent of recognised startups in the country are from Tier II and III cities. He went on to say that startups and the innovation ecosystem are the growth engines of any country.

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Over 50% of Indian startups belong to non-metropolitan cities

Over 50% of the recognized Indian startups belong to non-metropolitan cities, Union Minister of State for Commerce and Industry Som Prakash informed the Parliament on Wednesday.

“DPIIT recognises a total of 72,993 startups as of 30 June 2022, with 34,473 (48 percent) of those startups based in Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru, Pune, and Ahmedabad. As a result, non-metropolitan startups account for more than half of all recognised startups “”Tier II and III cities,” he said in response to a question in the Lok Sabha about whether 50 percent of recognised startups in the country are from Tier II and III cities. He went on to say that startups and the innovation ecosystem are the growth engines of any country.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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