Delhi Replaces Bengaluru as India’s Startup Capital

Delhi becomes the startup capital of India. Delhi has finally bagged this place by replacing Bangaluru, which topped the list for a long time. 

Recently, the finance minister Nirmala Sitharaman in the economic survey of 2021-22 disclosed this information. In this survey, it has been encountered that in Delhi there were around 5000 recognized startups that were started in the time span of April 2019- December 2021, whereas in Bengaluru, there were 4514 startups in the same time according to the survey documents. Thus, making Delhi the startup capital of the country. Also, if we talk about the largest number of recognized startups, then Maharashtra tops the list with 11308, Ya that’s huge!

However, Bengaluru has been at the top of the list for many years and is also known as the IT Hub with all the major companies present there. Be it Infosys or Wipro, this state has been a knowledge park for everyone. Although due to pandemic in the year 2020, all these tech companies had to undergo a major flip and companies had to do and take various serious measures in order to keep the business moving forward without any interruption.

We all know that India is a developing country and these startups are helping us to build a strong nation. There are many intelligent minds who with their hard work have started many new businesses. Now all together India has around 61400 recognized startups according to the Department for Promotion of Industry and Internal Trade (DPIIT), thus becoming the third-largest ecosystem in the world after the US and China. In terms of startups, India has also left behind the UK and managed to reach Unicorn status in the year 2021.

The survey also said that India has 83 unicorns with a total evaluation of around $ 277.77 billion, on the other hand, China has added 301 unicorns and the US has 487. Also, as per the exact data construction and survey out of these at least, 14000 were added in the year 2021-22. Thus, this proves that all this intellectual capital and startup are one of the major reasons for the knowledge-based economy. There is also a projection that if the performance of several sectors keeps on flourishing then it will also help in the growth of Gross Domestic Product (GDP).

As per the Economic survey in the past years, there was at least one new business started among the 555 districts. It was also highlighted that most of the new business growth has taken place in the IT or knowledge-based sectors, which contributes to 50% of India’s GDP. The numbers have risen very much in recent years, from 11 in 2019 to 47 in 2021. The survey also said,

“The number of patents filed in India went up to 58,502 in 2020-21 from 39,400 in 2010-11, and the patents granted in India have gone up to 28,391 from 7,509 during the same period.”

Under the initiative Startup India, started by the Government of India, they want to catalysis the startup culture in the country. This scheme was started on 16th January 2016, with the objective of initiating several programs, supporting entrepreneurs, and creating jobs in the country rather than creating job seekers. This scheme has a very broad scope and every plan is managed by a dedicated team, which directly reports to Department for Industrial Policy and Promotion (DPIIT). The actual goal of this team is to help people to start their new businesses and also to support startups financially.

There is a complete action plan decided by the department which includes several points, such as:

• Providing a better environment for taxation faster exit mechanism, setting up a company, and lenient exit mechanism
• Help provided by toll-free helpline and quick email resolution for those in need
• Enhancing the infrastructure facilities including the required amenities
• Easy patent filling and IPR felicitation lead to faster completion of work.
• Also, a website, Startup India Portal has been created in order to offer numerous benefits to entrepreneurs. It also has a vast range of databases which is helpful for startups.