Choose Your Launchpad - India's Top States for Startup
The Department for Promotion of Industry and Internal Trade (DPIIT) released its ranking of Indian states based on their support for startups. Here's a summary of the top performers:
- Best Performers: Gujarat, Kerala, Karnataka (these states have implemented strong policies and initiatives to foster startup growth)
- Top Performers: Tamil Nadu, Himachal Pradesh, Maharashtra, Odisha, Telangana (these states also offer a conducive environment for startups but may not be as advanced as the best performers)
The DPIIT ranking considers several parameters across five broad categories:
- Ease of Doing Business: Regulatory environment, single-window clearance, online approvals, infrastructure availability.
- Startup Policy: Funding availability, incubation and acceleration programs, tax benefits, mentoring support.
- Startup Ecosystem: Availability of investors, co-working spaces, networking events, startup communities.
- Infrastructure: Physical infrastructure (roads, electricity), access to technology, IT connectivity.
- Workforce & Talent: Education and skill development programs, availability of skilled workforce, focus on STEM education.
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