With a population of nearly 30 million people, Delhi contributes significantly to India's economy, accounting for 4.94% of national GDP. The economic landscape of Delhi is diverse, with thriving sectors such as information technology, telecommunications, hospitality, banking, media, and tourism.
Startups in Delhi, ranging from Connaught Place to Hauz Khas, are at the forefront of innovation, focusing on areas like climate, sustainability, AI/ML, and deep tech. Moreover, The Delhi Startup Policy, which aims to transform the city into a worldwide innovation hub by 2030, offers valuable support, such as collateral-free loans and expert guidance.
The biggest benefit is the upcoming Delhi Bazaar Portal which will link startups with a larger audience, both nationally and internationally. In the financial year 2022-23 alone, almost 8,000 enterprises were founded in Delhi, showcasing the city's magnetic pull for entrepreneurial ventures. With so many benefits together, it’s worth launching a business in Delhi.