{"id":820380,"date":"2025-01-16T10:12:00","date_gmt":"2025-01-16T16:12:00","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/16\/5000-startups-shut-down-in-india\/"},"modified":"2025-01-16T10:12:00","modified_gmt":"2025-01-16T16:12:00","slug":"5000-startups-shut-down-in-india","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/16\/5000-startups-shut-down-in-india\/","title":{"rendered":"5000+ Startups Shut Down in India"},"content":{"rendered":"<div data-td-block-uid=\"tdi_108\">\n<p>As of December 2024, data from the Ministry of Corporate Affairs reveals that out of 1.52 lakh startups recognized under the Startup India programme, 5,063 (3.3%) have shut down. Maharashtra recorded the most closures with 929 startups, followed by Karnataka (644), Delhi (593), Uttar Pradesh (487), and Telangana (301).<\/p>\n<p>Despite these closures, startups have significantly contributed to India\u2019s economy by creating 16.6 lakh direct jobs across over 55 industries. <\/p>\n<p>The IT services sector leads in job creation with 2.04 lakh jobs, followed by healthcare with 1.47 lakh jobs and professional services with 94,060 jobs.<\/p>\n<p>In addition to startups, 61,469 micro, small, and medium enterprises (MSMEs) have closed since 2020. These closures highlight the challenges faced by businesses, even as they play a crucial role in driving economic growth.<\/p>\n<p>The data shows the dual nature of India\u2019s startup and MSME landscape: while many businesses face hurdles leading to shutdowns, others continue to generate employment and contribute to various industries.<\/p>\n<p>These statistics emphasize the need for stronger support systems and policies to help startups and MSMEs thrive in a competitive environment. <\/p>\n<p>Addressing these challenges is crucial to sustaining the momentum of job creation and economic contributions from these sectors.<\/p>\n<p>Startups and MSMEs remain integral to India\u2019s economic fabric, and tackling the reasons behind closures could further unlock their potential for growth and innovation.<\/p>\n<\/div>\n<p><a href=\"https:\/\/startuppakistan.com.pk\/5000-startups-shut-down-in-india\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As of December 2024, data from the Ministry of Corporate Affairs reveals that out of 1.52 lakh startups recognized under the Startup India programme, 5,063 (3.3%) have shut down. Maharashtra recorded the most closures with 929 startups, followed by Karnataka (644), Delhi (593), Uttar Pradesh (487), and Telangana (301). Despite these closures, startups have significantly<\/p>\n","protected":false},"author":1,"featured_media":820381,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126,4312],"tags":[6053,8695],"class_list":["post-820380","post","type-post","status-publish","format-standard","has-post-thumbnail","category-india","category-startups","tag-india","tag-startups"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/820380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=820380"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/820380\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/820381"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=820380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=820380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=820380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}