The Reserve Bank of India (RBI) is conducting a survey of the Indian start-up sector to create a profiles of start-ups in India and to also provide insights into their productivity and workforce. According to the RBI press release, the survey would also aim to identify the issues the sector is facing.
Salient points of the survey:
- The survey is posted online on the official RBI website (www.rbi.org.in) under the head “forms”;
- It is also available in the “More Links” section at the bottom of the website’s home page and subhead “Survey”;
- RBI has also e-mailed all start-ups in India that were registered with the Department of Industrial Policy and Promotion (DIPP) as of March 2018;
- Start-ups that have not been approached can also participate in the survey by downloading the survey schedule from RBI’s website;
- The filled-in survey schedule can be mailed to RBI; and
- Individual responses or identities of respondents will not be revealed.
The NASSCOM–Zinnov report titled “Indian Start-Up Ecosystem 2018: Approaching Escape Velocity,” ranks India the third-largest start-up hub in the world. According the report, the sectors that led the growth in the tech start-up space include the increasing number of advanced tech start-ups, which saw an upsurge of 50 per cent in 2018 from 2017, with artificial intelligence, data analytics and Internet of things witnessing the fastest adoption. The report also mentions Bengaluru, Delhi–NCR and Mumbai as the top cities that have seen a massive growth in the start-up sector, with Bengaluru leading.