Gujarat Startups Generated Over 48,000 Jobs in 2023: A Paradigm Shift in Economic Landscape
February 2, 2024 - The state of Gujarat is witnessing a remarkable surge in its startup ecosystem, with projections indicating the creation of 48,138 direct employment opportunities by startups in the state by 2023. This information was disclosed by Shri Som Prakash, the Minister of State for Commerce and Industry, in response to a query raised by Rajya Sabha MP Shri Parimal Nathwani on February 2, 2024.
In 2019, Gujarat acknowledged the presence of 565 startups, a number that skyrocketed to an impressive 3,291 startups in 2023. The impact on job creation is equally significant, with startups in Gujarat contributing 6,077 direct employment opportunities in 2019, a figure that surged to 48,138 by 2023.
The Minister attributed this surge to the initiatives taken under the Start-up India campaign, launched on January 16, 2016, aimed at fostering innovation, investment, and a robust startup ecosystem in the country. This initiative has gained substantial momentum, with the Department for Promotion of Industry and Internal Trade (DPIIT) recognizing a total of 10,604 startups across India in 2019, and this number is anticipated to reach 34,779 by 2023.
On a national level, employment opportunities created by startups have witnessed a commendable increase, rising from 1,23,071 in 2019 to an impressive 3,90,512 in 2023.
MP Shri Parimal Nathwani sought comprehensive information regarding the impact of startups on the Indian economy, the number of startups registered under the Start-up India initiative, and the specific contribution of startups led by women. The Minister's response highlighted the government's sustained efforts, resulting in the recognition of 1,17,254 startups as of December 31, 2023, creating a substantial impact by generating 12.42 lakh direct employment opportunities.
The success of the Start-up India initiative is further exemplified by the geographic reach of startups, now present in approximately 80% of the country's districts. Additionally, 55,816 startups recognized by DPIIT have at least one woman director, showcasing the government's commitment to promoting women entrepreneurs.
In conclusion, the flourishing startup ecosystem in Gujarat is not only transforming the employment landscape in the state but is also contributing significantly to the national goal of fostering innovation, economic growth, and inclusivity.
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The government's continued support and various schemes dedicated to promoting women entrepreneurs further underline the success and potential of the Start-up India initiative.
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