Telangana bags spot in list of top 10 start-up job creating states

Hyderabad: As per the data presented by the Centre in Parliament on Wednesday, Telangana bagged a spot in the list of top10 start-up job-creating states.

The state is at the seventh rank in terms of job creation through start-ups. When it comes to the launching of new start-ups recognized by the Union commerce ministry’s Department for Promotion of Industry and Internal Trade (DPIIT), the state ranks eighth.

From 2016 to 2022, the state created 44,649 jobs through start-ups and 3,875 new start-ups came up.

The states that are ahead of Telangana in terms of job creation through start-ups are:

  • Maharashtra (1,46,132 jobs)
  • Karnataka (1,03,541)
  • Delhi (87,643)
  • Uttar Pradesh (67,694)
  • Gujarat (51,193) and
  • Haryana (48,843)

The following states rank better than Telangana in terms of new start-ups

  • Maharashtra (13,519 launches)
  • Karnataka (8,881)
  • Delhi (8,636)
  • Uttar Pradesh (6,654)
  • Gujarat (4,920)
  • Haryana (3,985) and
  • Tamil Nadu (3,953)

Niti Aayog’s innovation index

Karnataka, Telangana and Haryana have been ranked as the top three states among major states in Niti Aayog’s third innovation index.

Niti Aayog’s India Innovation index 2021 examines innovation capacities and ecosystems at the sub-national level.

The index, released by Niti Aayog’s Vice Chairman Suman Bery in the presence of Chief Executive Officer Parameswaran Iyer on Thursday, has been developed on the lines of the Global Innovation Index.

Karnataka topped the index for the third year in a row. The first and second editions of India Innovation Index were launched in October 2019 and January 2021, respectively.

According to an official statement, the third edition strengthens the scope of innovation analysis in the country by drawing on the framework of the Global Innovation Index (GII).

The new framework presents a more nuanced and comprehensive outlook for measuring innovation performance in India, with the introduction of 66 unique indicators, as compared to the 36 indicators used in the preceding edition (India Innovation Index 2020), it added.

States and Union Territories were divided into ’17 Major States’, ’10 North-East and Hill States’, and ‘9 Union Territories and City States’, for effectively comparing their performance.

With inputs from PTI