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of <h1>India's Startup India Initiative Celebrates 9 Years, Boosts Ecosystem with 1.59 Lakh Startups and 16.6 Lakh Jobs.</h1> India's Startup India initiative, launched in 2016, celebrates nine years of fostering a robust entrepreneurial ecosystem, positioning India as the world's third-largest startup hub with over 1.59 lakh recognized startups. The initiative has significantly contributed to job creation, with over 16.6 lakh direct jobs generated across various sectors. Major cities like Bengaluru and Delhi-NCR lead this transformation, while smaller cities increasingly contribute. Key features include simplified business processes, tax benefits, and funding support. Initiatives like the Bharat Startup Knowledge Access Registry (BHASKAR) and events like Startup Mahakumbh further bolster India's innovation and entrepreneurial landscape.
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