Economic Survey: Govt push helps start-ups grow by 40 per cent, create 85,000 jobs in 2015

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Published: February 26, 2016 2:16:42 PM

“E-commerce is expected to grow at 21.4% in 2015-16 to reach $17 billion,” the Economic Survey has said.

Start-upsInformation Technology and business process management companies have also been growing.

While E-commerce is picking up rapid pace, start-ups have created nearly 85000 new jobs in 2015, growing at 40 per cent.

“E-commerce is expected to grow at 21.4% in 2015-16 to reach $17 billion,” the Economic Survey has said.
Within one year the number of start-ups have grown by 40% creating 80,000-85,000 jobs in 2015. India as home to a new breed of young startups “has clearly evolved to become the third largest base of technology start-ups in the world,” the Survey says. This emerging sector is set to get up a fillup with the Startup India programme.

Information Technology and business process management companies have also been growing. “IT-BPM sector has demonstrated flexibility and as per the Economic Survey is expected to touch an estimated share of 9.5% of GDP and more than 45% in total services export in 2015-16,” the Survey tabled by Finance Minister Arun Jaitley in Parliament has said.

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