Gujarat Again Emerges as Best State in Providing Strong Ecosystem for Startups: DPIIT Ranking

The states’ startup ranking result 2019 was divided into two groups ‘X’ and ‘Y’. While the ‘X’ group has all the states and Delhi, barring north-eastern states and other UTs; group ‘Y’ has all north-eastern states except Assam and all UTs except Delhi. Releasing the rankings on Friday, Commerce and Industry Minister Piyush Goyal said that it will help in further promoting the startup ecosystem by the Centre, states and UTs.

He said that for funding of the startups, the ‘Fund of Funds’ is supporting them and many public sector undertakings are coming forward with dedicated funds to startups. “I am also very keen that Indian industry, Indian investors, high networth individuals, possibly mutual funds, insurance companies should also very seriously consider participating in this very exciting journey that our Indian startups are going through,” he said. He also suggested startups to focus on three Ps – product, process, people – to focus on promoting Aatmnirbhar Bharat. DPIIT Secretary Guruprasad Mohapatra said that over 36,000 startups are recognised by the department so far.

All the states are taking steps to promote the growth of budding entrepreneurs, he said adding the startup ecosystem in the country has led to creation of over 4 lakh jobs. The rankings are based on the initiatives taken to develop the startup ecosystem for promoting budding entrepreneurs.

For the purposes of ranking, states/UTs are classified into five categories: Best Performers, Top Performers, Leaders, Aspiring Leaders and Emerging Startup Ecosystems. Top performers are: Karnataka and Kerala; Leaders are: Bihar, Maharashtra, Odisha, Rajasthan, and Chandigarh; Aspiring Leaders: Haryana, Jharkhand, Punjab, Telangana, Uttarakhand and Nagaland; Emerging Startup Ecosystems are: Andhra Pradesh, Assam, Chhattisgarh, Delhi, Himachal Pradesh, Madhya Pradesh, Tamil Nadu, Uttar Pradesh, Mizoram and Sikkim.