According to the study, Bengaluru is host to the largest share of technology start-ups in India, followed by Delhi NCR and Mumbai. “In the technology-driven start-ups, India has moved up to third position with the US occupying the top position with more than 47,000 and the UK with over 4,500. India’s tech start-ups numbered around 4,200 up to 2015,” the report pointed out. IT hub Bengaluru is host to 26% of domestic tech start-ups, followed by Delhi NCR (23%) and Mumbai (17%). The study recommended that synergising ‘Startup India’ with ‘Make in India’ and ‘Digital India’ initiatives has the potential to expand the domestic ecosystem for new entrepreneurs.

Source: Mint August 21, 2016 10:07 UTC