On Wednesday, Prime Minister Narendra Modi said, ‘Bharat has emerged as the world’s third largest startup ecosystem with over 1.25 lakh startups and 110 unicorns, and is charting a roadmap for becoming a developed country with right decisions’. Speaking at the Startup Mahakumbh event, Modi said India’s startup ecosystem is not limited to metro cities, it has now become a social culture.
Modi promised to make Bharat the world’s third-largest economy in his third term and asserted that startups will play a major role in Bharat’s progress.
PM Modi added, ‘The Startup India initiative gave a platform to innovative ideas, and connected entrepreneurs and ventures to funding’.
#WATCH | Delhi: At the 'Startup Mahakumbh' at Bharat Mandapam, PM Modi says "India is the world's 3rd largest startup ecosystem. There are over 1.25 lakh registered startups which generate employment for over 12 lakh people. India has over 110 unicorns… Our startups have… pic.twitter.com/cC4m9cJKz2
— ANI (@ANI) March 20, 2024
‘Bharat’s youth has chosen the path of being job creator rather than job seeker’, Modi said. He highlighted the changing mindset of people adding, that women are leading more than 45 % of Bharatiya startups.
PM Modi said, ‘Bharat has democratised technology, and therefore the ‘haves and have-nots’ theory could not work here. The Rs 1 lakh crore fund announced for research and innovation in interim budget will help the sunrise sectors’.
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