Currently, Tier-II and Tier-III cities account for about 50 percent of the over 115,000 startups registered under the Department for Promotion of Industry and Internal Trade (DPIIT) as of December 2023. As per the Economic Survey 2022-23, these DPIIT registered startups have created over 9 lakh direct job opportunities since 2017, with a notable 64% increase in 2022 over the average number of new jobs created in the last three years.