Page 653 - ES 2020-21_Volume-1-2 [28-01-21]

280 Economic Survey 2020-21 Volume 2

3. So far 319 startups have been granted income tax exemptions till November-2020.
4. Startup Yatra (an initiative that travels to Tier 2 and Tier 3 cities of India to search for entrepreneurial
talent by conducting day long bootcamps) has been conducted across 23 States in 207 districts
impacting 78346 aspiring entrepreneurs. A total of 1,424 incubation offers have been given to the
startups as a result of this initiative.
5. Further to boost innovation in the sector and encourage the youths to secure their rights on
technology and the product developed by them, startup have been provided 80 per cent rebate in
patent filing fees and 50 per cent rebate on trademark filing fees. Additionally, facility of expedited
examination of patent applications to reduce the time taken in granting patents is also available
to the startups. As of June-2020, 3618 patent applications were granted 80 per cent rebate on the
filing fee and 6832 trademark applications were granted a 50 per cent rebate on filing fee.

Box Figure 2.2: Trademark Applications filed and granted

General Startups
400000 Filed Granted 4500 Filed

350000 4000 Granted
3500
300000
3000
250000
2500
200000
2000
150000
1500
100000
1000
50000
500
0 0
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21* FY17 FY18 FY19 FY20 FY21*

* For Apr-Nov 2020 * For Apr-Oct 2020
Survey calculations based on DPIIT data.

Foreign Direct Investment (FDI)
8.24 FDI is a one of the major sources of investment and investment financing that drives the
economic growth in the country. The FDI flows are also associated with the enhancement of
productivity, skills and technology development in the country. The proactive policy measures
and improvement in the ease of doing business in the country resulted in massive improvement
in FDI inflows. The FDI equity flows have been on the upswing since FY13. During FY20, total
FDI equity inflows were US$49.98 billion as compared to US$44.37 billion during FY19. The
similar number for FY21 (up to September-2020) was US$30.0 billion. The bulk of FDI equity
flow is in the non-manufacturing sector leading to a reduction in the share of manufacturing
in the FDI flows (Figure 17). Within the manufacturing sector, industries like automobile,
telecommunication, metallurgical, non-conventional energy, chemical (other than fertilizers),
food processing, and petroleum & natural gas get the bulk of FDI equity flows. These industries
together accounted for about 67 per cent of FDI equity flows into the manufacturing sector in
FY20 (Figure 18).