Gujarat and Karnataka have been awarded best performers among the category of states, while Meghalaya has been ranked number one among Union Territories and North Eastern states in the third edition of the States Startup India Ranking 2021.
Kerala, Maharashtra, Orissa and Telangana emerged as top performers among states, while Jammu and Kashmir was the top performer among UTs and North-East states
For the ranking, states are divided into five categories: Best Performers, Top Performers, Leaders, Aspiring Leaders and Emerging Start-up Ecosystems. This is the third consecutive year that Gujarat has been ranked the number one state in providing an enabling ecosystem for startups.
The results were announced by Piyush Goyal, Union Minister of Commerce and Industries at the third edition of the States’ Startup Ranking 2021, released by the Department for Promotion of Industry and Internal Trade (DPIT).
Goyal said that initiatives such as Fund of Funds, Seed Fund Scheme, Income Tax exemption for three years, and resolving the issue of Angel Tax, have helped startups while adding that India should aim to be the number one ecosystem for startups. India is currently the third-largest ecosystem.