New Delhi: India now has more than 1.4 lakh startups, as the government continues to nurture innovation and encourage investments in the ecosystem, Union Minister of State for Commerce and Industry, Jitin Prasada, informed on Friday. In a reply to a question in the Rajya Sabha, the minister said that under the ‘Startup India’ initiative, the Department for Promotion of Industry and Internal Trade (DPIIT) has recognised 1,40,803 entities as startups (as of June 30). Over 55 regulatory reforms have been undertaken by the government since 2016 – when the ‘Startup India’ initiative was launched — to enhance ease of doing business, ease of raising capital and reduce compliance burden for the sta
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