The start-up ecosystem seems to be holding up the jury is still out on this as these are still early days.

The number of start-ups in the country has gone up from 7,000 in 2008 to 50,000 in 2018.

India’s Start-up ecosystem is one of the fastest growing in the world, with over 190 deals worth USD 4 billion closed in just Q1 of 2019..

These steps shows government’s resolve towards ease of doing business in India and encourage entrepreneurship.

According to the ministry, the initiatives have been taken in response to requests from innovative technology companies and startups.

The total loan applications across categories in all the six cities rose to 15 per cent, from 9 per cent.

More than 540 startups have received exemption from angel tax so far.