SME Times is powered by   
Search News
Just in:   • Govt to buy 10 pc of bonds issued by MSMEs: Minister  • Industrial output contracts 4.3 pc in Sept  • Prime Minister looks inwards for improving governance  • Business confidence down in Aug-Oct: Survey  • Publishing industry to reach $10bn by 2020: BlueRose Publishers founder 
Last updated: 07 Nov, 2019  

startup.9.thmb.jpg Start-ups can create up to 12.5 lakh direct jobs by 2025: Nasscom

startup.9.jpg
   Top Stories
» Govt to buy 10 pc of bonds issued by MSMEs: Minister
» Industrial output contracts 4.3 pc in Sept
» Business confidence down in Aug-Oct: Survey
» India rising up to assume global leadership position: Naidu
» Goyal to participate in BRICS meet, MSMEs on top agenda
SME Times News Bureau | 07 Nov, 2019

A new report from industry body National Association of Software and Services Companies (Nasscom) said India's start-up ecosystem has the potential to create up to 12.5 lakh direct jobs by 2025, from 3.9-4.3 lakh direct jobs in 2019.

The number of indirect jobs created by the start-up ecosystem in India can jump to 39-44 lakh by 2025 from 14-16 lakh jobs this year, said the report titled "India's Tech Start-up Ecosystem".

"India's talent base is expanding beyond large cities as fresh graduates are choosing to stay back in non-metropolitan cities. These individuals have an almost similar exposure to technologies via the Internet. This enables the founders to recruit quality talent at a relatively lesser cost - allowing better runway and also a base for growth," said the report.

The analysis suggests that the Indian start-up ecosystem has the potential to grow about four times by 2025, it added.

The research found that 18 per cent of all start-ups are now leveraging deep-tech and fintech, enterprise, and retail tech which are the most mature sectors with strong metrics across dimensions.

"There is increased activity in edtech, retail & retail tech, HR, and healthtech technology start-ups with significant improvement in sectors like agritech, aerospace, defence and space," said the report that Nasscom brought out in collaboration with global management and strategy consulting firm Zinnov.

Since 2014, the deep-tech start-up pool in India has grown at 40 per cent compound annual growth rate. The study found that while Artificial Intelligence and Machine Learning is being deployed heavily in enterprise, fintech and healthtech, deep-tech adoption is actually pervasive across sectors.

Total investment in start-up ecosystem has increased by 16 per cent year-on-year in 2019 - during the January to August period, said the report.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 12 Nov, 2019
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» RBI cuts key rates by 50 basis points(2)
» Appoint distributors, expand your business(1)
» A GeM of opportunity(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter