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Regarding the Startup India initiative:
- The Startup India initiative, which was initially created to offer a supportive atmosphere for companies, has now transformed into a launch pad for them.
- The Startup India program has come to be associated with sustainable economic growth in a variety of ways, such as through funding and tax incentives, support for intellectual property rights and simplified public procurement, facilitation of regulatory reforms and access to international festivals and events.
- Of the total recognized startups, about 12% are in the IT sector, 9% are in the healthcare and life sciences sector, 7% are in the education sector, 5% are in the professional and business services sector, and 5% are in the agricultural sector.
- The Indian startup ecosystem has so far generated an astonishing 7.46 lakh employment, a rise of 110 per cent annually over the previous six years.
The fact that roughly 49% of our startups come from Tier II and Tier III today is proof of the youth of our nation's enormous potential.
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