117,254 DPIIT-recognised startups created 1.2 mn direct jobs: Eco Survey

India’s successful startup story has also fuelled job creation in the country. The total number of startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) has increased from 300 in 2016 to 117,254 at the end of December 2023.

This has generated over 12.42 lakh direct jobs making significant economic impact, said the Economic Survey 2023-24 released on Monday.

The number of Indian technology startups has increased to 31,000 in 2023 from 2,000 in 2014 aided by the Start-up India Initiative and start-up hubs across ministries and departments of the Government of India, said the survey.