by Piyush Goyal, the Minister of Commerce and Industry, has stated that startups have contributed to the creation of more than 1.034 million direct jobs in India. He made the statement during a speech at the Startup India Seed Fund Scheme event in New Delhi.
Goyal said that the startup ecosystem in India is growing rapidly and that it is creating jobs at a faster pace than the traditional sectors. He said that the government is committed to supporting the startup ecosystem and that it is providing a number of initiatives to help startups grow and scale up.
The Minister said that the government has so far approved over 11,000 startups under the Startup India program. He said that the government is also providing funding support to startups through the Startup India Seed Fund Scheme and the Startup India Seed Accelerator Programme.
Goyal said that the government is also working to create a more conducive environment for startups to operate in. He said that the government is simplifying the regulatory framework for startups and is providing them with access to infrastructure and talent.
The Minister said that the government is confident that the startup ecosystem in India will continue to grow and create more jobs in the future. He said that the government is committed to making India a hub for startups and that it will provide all the necessary support to startups to grow and scale up.
The statement by Piyush Goyal is a positive development for the Indian economy. It shows that the government is committed to supporting the startup ecosystem and that it is aware of the potential of startups to create jobs. The statement is also a sign of the growing importance of the startup ecosystem in India. The startup ecosystem is expected to play a major role in the development of the Indian economy in the coming years.
