The Results of the second edition of Ranking of States on Support to Startup Ecosystems were released by Minister of Commerce & Industry and Railways Minister, Piyush Goyal through a virtual felicitation ceremony. Gujarat has emerged as the best performer in the second edition of ‘Ranking of States on Support to Startup Ecosystems’ released by Piyush Goyal. Karnataka and Kerala have been ranked as top performers while Bihar, Odisha and Rajasthan rank as the leaders in the same rankings.

Piyush Goyal applauded the states for their initiatives and Indian startups. He also shared three recommendations for startups:

  • Product – Startups should focus on how we can reimagine new products, how products can be used, what is relevant in today’s day and age.
  • Processes – Startups should look at how we can constantly redesign and reengineer the processes of doing the same thing.
  • People – We need people-centric ideas, the consumer at the centre point of all new ideas of the startup ecosystem.

“Startups have out-of-the-box thinking and are solution-oriented who look at new ideas,” said Goyal during the virtual felicitation ceremony. Goyal said that the Prime Minister has been fully appreciative and supportive of promoting entrepreneurs who are important from the point of job creation, expanding economic activity and for the prosperity of people.

A total of 22 States and 3 Union Territories participated in the exercise. Evaluation Committees consisting of independent experts carried out a detailed assessment of responses across various parameters. Many parameters involved getting feedback from beneficiaries which was gathered through more than 60,000 calls made in 11 different languages to empathetically connect with beneficiaries to ascertain the real situation at the implementation levels.

 India is home to over 50,000 startups with over 30 unicorns. India has about 9,300 tech startups alone, while 1,600 are deep tech startups. It also has 335 incubators and accelerators. According to the Nasscom-Zinnov report Indian Tech Start-up Ecosystem, India will see 100 unicorns by 2025 and will create over 1.1 million direct jobs.