Prime Minister Narendra Modi delivered an inspiring address at a major event commemorating ten years of the Startup India initiative. He declared that Startup India has transformed into a full-fledged revolution across the nation.
Youth and Entrepreneurs Drive Real Solutions
Modi emphasized the critical role played by India's young population and business founders. He stated they are intensely focused on tackling genuine problems faced by society and the economy. This practical approach, according to the Prime Minister, forms the bedrock of the startup movement's success.
Explosive Growth in a Decade
The Prime Minister provided striking figures to illustrate the ecosystem's journey. He recalled that in 2014, the landscape began with just four recognized startups. Today, that number has skyrocketed.
India now boasts more than 125 active unicorn companies. A unicorn is a privately held startup valued at over one billion dollars. This milestone marks an extraordinary period of expansion and validation for Indian innovation on the global stage.
The event served as a celebration of this remarkable progress. It highlighted how government support through the Startup India program has catalyzed private investment and entrepreneurial spirit. Modi's speech underscored a national confidence in the sector's continued potential.
