Highlighting the vibrant start-up ecosystem of India, the Economic Survey 2024 stated that over 45 percent of the start-ups emerged out of Tier 2 and Tier 3 cities and the number of DPIIT-recognised start-ups increased to more than 1.25 lakh by March 2024 from 300 in 2016.

The report further found that Indian start-ups have filed more than 12,000 patents from 2016 to March 2024. Over 13,000 of these start-ups are working in diverse thematic areas like artificial intelligence, the internet of things, robotics, and nanotechnology.

https://www.businesstoday.in/union-budget/story/economic-survey-2024-indias-start-up-boom-dominated-by-tier-2-tier-3-cities-with-45-of-start-ups-438185-2024-07-22

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Economic Survey 2024: India's start-up boom dominated by Tier 2 & Tier 3 cities with 45% of start-ups

Indian start-ups have filed more than 12,000 patents from 2016 to March 2024 of which over 13,000 are working in diverse areas like AI, IoT, robotics, and nanotechnology.