Gujarat, Karnataka, Kerala & Tamil Nadu best for startups

Gujarat, Karnataka, Kerala, and Tamil Nadu are the best states for startups, according to the latest rankings. Himachal Pradesh topped among Union territories and smaller states. Bihar and Haryana are considered “aspiring leaders”.

The rankings are based on various factors including institutional support and funding. NEW DELHI: Gujarat , Karnataka , Kerala and Tamil Nadu ranked best states in providing a strong ecosystem for startups , according to the latest rankings released on Tuesday. Among Union territories and smaller states, Himachal topped the list.

The rankings put together by the department for promotion of industry and internal trade (DPIIT) keep Bihar and Haryana in the same bracket of “aspiring leaders”. Although the former is considered a laggard on several economic parameters, it is seen to have undertaken several steps to support startups, just like Haryana where Gurugram is home to several MNCs and startups. Each state was ranked which was then converted into percentiles and similar placed states were put in one segment.

States in the 90-100 percentile were classified as “best performers”, while those with 30-49 were “aspiring leaders”. Delhi, Chhattisgarh and Jammu & Kashmir – which managed under 30 percentile – were put in the “emerging startups ecosystem” group. Government officials, however, said that too much should not be read into it as the idea was to encourage states to compete and perform better and almost all states and UTs were working to develop a good ecosystem.

Apart from assessment on 25 action points ranging from institutional support to funding support and access to market, 33 states and UTs, were also gauged on the basis of feedback, both qualitative and quantitative. In the initial years, DPIIT used to rank states based on the assessment, but for the last few years it has done away with that and instead clubs them based on the score. Addressing an event where the rankings were released and startups were awarded, commerce and industry minister Piyush Goyal said that once a novelty has now become an integral part of the national mainstream.

He identified tourism as a sector with untapped function and encouraged them to explore innovative ideas around sustainable tourism. Artificial intelligence was another focus area, he said, adding that startups had made a substantial contribution in fintech, medtech, agriculture and drones. FOLLOW US ON SOCIAL MEDIA Visual Stories Previous 10 Most Affordable Cities in India to Buy a House business Most Visited Monuments in India business The Pros and Cons of Investing in Value Stocks business Investing in Small-Cap Stocks: Top 10 Tips for Absolute Beginners business 10 Ways to Earn Money Online by Selling Physical Products business Richest Cricket Players Across the World business 10 Things You Didn’t Know About Warren Buffett’s Investment Process business Priyanka Chopra Net Worth: Know How Rich is Global Actress business Top 10 Benefits of Investing in Small-Cap Stocks business 15 Best Tax Saving Schemes in India business Next 1 2 3 Hot Picks Amazon Sale Fire Dombivli high-rise Sextortion Rahul Dravid Best laptops in India Makeup Products Discount Best Power Banks Tecno Pop 8 Review Gaming Laptops TOP TRENDS Ayodhya Ram Mandir News Amazon Republic Day Sale Hyundai Creta 2024 Ayodhya Ram Mandir Inauguration Milind Deora Breaking News Today.