Business majors like software developers, designers, engineers, and designers are growing faster than the rest of the business world and the trend is set to continue as the number of startups and business majors grow rapidly.
The number of startup businesses in India has risen from 1,879 in 2014 to 4,051 in 2019 according to an ANI report.
It also shows that the number is projected to grow to 8,053 by 2020.
While the number has grown, the number with the most startups in the country has remained stable.
In 2019, 2,547 startups had an overall market cap of Rs 5.8 lakh crore and a total turnover of Rs 4,087 crore, ANI reported.
But the trend has been on a steady increase in the last five years.
According to the report, the share of startups in India grew by 3.6% in 2019, and its growth rate in 2019 is 2.4% per annum.
However, its growth in 2020 is forecast to be around 2.2% per year, AN I said.
The report also noted that in 2019 alone, the average number of start-ups per 100,000 of the total population stood at 1.5 and 2.7 respectively.
But, the market capitalisation of start up companies has declined by more than 7% in the past five years, AN.
In terms of total value, the growth rate of start ups in India is projected at 5.2 per cent per annampute year, a figure which is expected to increase by 3% per-year to 5.5 per annamillion, AN said.
According the report , the average income of startups has increased by 5.7 per cent in the same period.
The report also highlighted that the average annual revenue of startups had risen by 6.3 per cent.
In the last year, the total number of companies has risen by 15,600, but the number that have the largest market cap is the top-ranked start-up companies with a market cap over Rs 6.5 lakh crore.
In comparison, the companies at the bottom of the market cap ladder have grown by only 0.6 per cent, AN reported.
While there are no statistics on the percentage of startup companies that are publicly traded, the report states that of the 10,000 listed companies, there are about 3,600 private companies and more than 10,700 public companies.
According a recent study, India’s start-to-finish growth rate is 4.2%, which is higher than the world average.
However the study also noted some interesting points.
For instance, India has the largest number of software developers in the world with over 70,000 companies in the sector, and India has become a hub for software start- ups.
For example, there is a significant gap between the number and the size of India’s software developers.
The study also found that the largest start–up firms in the first quarter of 2019 were led by software developers and the biggest start- up firms were led on average by software development and consulting firms.
It is interesting to note that start- to-finishes are not only in the software sector, but also the healthcare sector and education, IT, pharmaceutical, real estate, and real estate services.