One startup is launched every 15 minutes in India: Govt

India is going through the era of startups, where the country is creating a robust ecosystem for businesses and entrepreneurs.

India is now called the 'Startup Hub' as it has more than 99,000 startups, and 107 unicorn companies worth $30 billion

The government initiatives aim to provide technical support, subsidies, financial assistance, and other services to help startups grow and mark their presence in the global business domain.

Government backing helps startups to get worldwide recognition and attract foreign investors. 

The government shared statistics on Indian startups and said that one startup is launched every 15 minutes in the country.

Of these, 52% of the startups are launched exclusively in tier-2 and tier-3 cities.

The government further said that startups have generated more than 10 lakh direct jobs and 47% of them have at least one woman in lead position.