Indian Economy News

India is world's third biggest tech start-up hub: Study

  • IBEF
  • August 22, 2016

New Delhi: India is world’s third largest tech start-up hub in terms of number of technology-driven start-ups, after the US and the UK, according to a report by The Associated Chambers of Commerce of India (Assocham) in association with Thought Arbitrage Research Institute. As of end of 2015, the US had more than 47,000 tech start-ups, the UK had over 4,500 and India had around 4,200 tech start-ups. According to the study, Bengaluru has the largest number of technology start-ups in India, followed by Delhi NCR, Mumbai, Hyderabad and Chennai. The city of Bengaluru is host to around 26 per cent of domestic tech start-ups, followed by Delhi NCR (23 per cent), Mumbai (17 per cent), Hyderabad (8 per cent) and Chennai (6 per cent). Even in terms of total number of start-ups, comprising both tech and non-tech areas, India ranked fifth globally with around 10,000 start-ups.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.