The Unstoppable Rise of Indian Startups: A Journey Through Data

Introduction:

Delving into the world of Indian startups, armed with data from Government of India's data portal (DPIIT) and extensive internet research, I uncovered a treasure trove of insights into the thriving entrepreneurship landscape across various states. As the number of recognized startups continues to soar, we witness a nation brimming with potential, talent, and a penchant for innovation.

The Startup Surge:

As per a report by the Economic Times, the Indian government recognized an astounding 84,102 entities as startups by November 2022, with this number still on the rise. This echoes the tremendous support offered not only by the central government but also various state governments, fostering a conducive environment for young entrepreneurs to flourish.

Since 2016 startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) there has been an increasing trend in startups and following chart gives an idea about the trend:

Year 2023 is not yet finished, by end of the year 2023 the number may go higher.

Diverse Industries Taking Flight:

Contrary to popular belief, the startup ecosystem in India encompasses a diverse array of industries. While technology-related startups do stand out, they constitute little less than a quarter of the total. The healthcare and agriculture sectors, alongside others, have emerged as strong contenders, redefining the entrepreneurial landscape.

Industry Groups: A Panoramic View:

Through meticulous data visualization, we explore the emergence of various industry groups and their contributions to the Indian startup arena.

Part 1: Dominant Industries:

Technology-related startups lead the charge, while healthcare and agriculture sectors trail closely, hinting at the nation's focus on innovation and addressing essential needs.

Part 2: Thriving Medium-Sized Industry Groups:

Energy, Auto, FinTech, Advertising & Marketing, among others, present a promising outlook with substantial contributions to the growing startup scene.

This chart shows Industry groups that have startup count between 2000 and 5000.

Part 3: The Rising Stars:

Emerging sectors, with startup counts ranging from a few hundred to 1500, reflect changing tastes and evolving needs within Indian society, unveiling the nation's appetite for innovation.

Analyzing Trends: A Closer Look:

Taking a magnifying glass to the last few years, we observe the growth trajectory of various industry groups, with some experiencing exponential surges.

Smallest Groups:

Despite having lower startup numbers (around 100-200), certain industries showcase promising momentum, fueling optimism for the future.

Smaller Groups:

Sectors with moderate startup counts (approximately 200-500) have witnessed a significant surge over the past two years, signifying a rise in interest and investment.

Medium Groups:

With 3000 to 4000 startups, these industries demonstrate steady growth, even in the face of competition from established giants.

Large groups:

With more than 5000 startups in these sectors, these are the game changers.

These are the fields where number of startups are maximum. There is continuous growth in these sectors. that shows possibility in the market and interest of the entrepreneurs.

The Powerhouses (States): Maximum Startup Presence:

Unveiling the state-wise distribution of startups, Maharashtra, Karnataka, Delhi, and Uttar Pradesh lead the pack with 10,000 or more recognized startups. Gujarat, Tamil Nadu, Haryana, and Telangana closely follow, showcasing a thriving entrepreneurial ecosystem.

Let us go from smaller to largest:

Conclusion:

The saga of Indian startups is far from over; its trajectory is driven by the brilliance and innovation of young minds and the unwavering support of visionary leadership and government agencies. As we navigate this data-driven journey, one can draw their conclusions on promising industries, favorable business environments, and potential growth hotspots. The thriving startup landscape in India is a testament to the nation's unwavering spirit and commitment to shaping a brighter future.

Source of Data:

The data used in this analysis was obtained from the Government of India's data portal, specifically related to startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT). It offers a glimpse into the government's efforts in supporting and nurturing the Indian startup ecosystem.

I am not the owner of data, and I can't give permission to use it. The data has following attributes: S. No., Year, State, Industry, Count, Last Update

Since there are many industries, showing them all in the charts was not feasible and it is difficult to make good insight about trends that is why I have grouped industries and defined a group column (for industry group). Few charts use the groups instead of industries. Please refer to section "Group Industry mapping" section to check definition of groups.

The data available from government portal is about startups registered as part of startup India initiative by the government. There may be others who didn't register with government portal. As per portal: "The catalog contains information related to Startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT). CSV file provided in the catalog contains the Number of startups recognized by DPIIT year, sector, and state wise"

Industries in data

Following industries are mentioned in the source data:

AR VR (Augmented + Virtual Reality), Automotive, Construction, IT Services, Travel & Tourism, Advertising, Aeronautics Aerospace & Defence, Agriculture, AI, Analytics, Architecture Interior Design, Biotechnology, Chemicals, Education, Enterprise Software, Events, Fashion, Finance Technology, Food & Beverages, Green Technology, Healthcare & Lifesciences, House-Hold Services, Human Resources, Indic Language Startups, Internet of Things, Logistics, Marketing, Media & Entertainment, Non- Renewable Energy, Other Specialty Retailers, Others, Professional & Commercial Services, Real Estate, Renewable Energy, Retail, Robotics, Social Impact, Social Network, Technology Hardware, Telecommunication & Networking, Textiles & Apparel, Toys and Games, Transportation & Storage, Waste Management, Animation, Nanotechnology, Pets & Animals, Security Solutions, Sports, Art & Photography, Computer Vision, Dating Matrimonial, Passenger Experience, Safety, Design, Airport Operations, NOT SPECIFIED,

Group Industry mapping

For accommodating chart in limited space and to make it better visible few charts are created by grouping industries and also few names are shortened.

'Tech': ['AR VR (Augmented + Virtual Reality)', 'IT Services', 'Enterprise Software', 'Internet of Things', 'Technology Hardware', 'Robotics', 'AI', 'Computer Vision', 'Analytics'],

'Automotive & Transport': ['Automotive', 'Transportation & Storage', 'Passenger Experience', 'Airport Operations'],

'Construction & RE': ['Construction', 'Real Estate', 'Architecture Interior Design'],

'Design' : ['Design'],

'Travel & Tourism': ['Travel & Tourism'],

'Adv & Marketing': ['Advertising', 'Marketing', 'Events'],

'Aero & Def': ['Aeronautics Aerospace & Defence'],

'Agri & Env': ['Agriculture', 'Green Technology', 'Waste Management'],

'Biotech & Health': ['Biotechnology', 'Healthcare & Lifesciences'],

'Fin Tech': ['Finance Technology'],

'Food & Bev': ['Food & Beverages'],

'Retail & E-comm': ['Other Specialty Retailers', 'Retail'],

'Education': ['Education'],

'HR': ['Human Resources'],

'Social Network': ['Social Network'],

'Textiles & Apparel': ['Textiles & Apparel'],

'Logistics': ['Logistics'],

'Energy': ['Non- Renewable Energy', 'Renewable Energy'],

'Security & Safety': ['Security Solutions', 'Safety' ],

'Art Fashion Photo': ['Art & Photography', 'Fashion'],

'Chem & Nanotech': ['Chemicals', 'Nanotechnology'],

'Dating & Matri': ['Dating Matrimonial'],

'Services': ['Professional & Commercial Services', 'House-Hold Services'],

'TME' : ['Telecommunication & Networking', 'Media & Entertainment', 'Animation', ],

'Indic lang': ['Indic Language Startups'],

'Social Impact' : ['Social Impact'],

'Pets' : ['Pets & Animals'],

'Toys & Games' : ['Toys and Games'],

'Sports' : [ 'Sports'],

'Others': ['NOT SPECIFIED', 'Others']

References

1. Startup Recognized by DPIIT | Open Government Data (OGD) Platform India

2. startups in india: Govt recognises 84,102 entities as startups as on November 30 - The Economic Times (indiatimes.com)