India’s Startup Ecosystem Is Flourishing At An Unprecedented Pace: PM Modi

New Delhi: Prime Minister Narendra Modi has said that India’s Startup ecosystem is flourishing at an unprecedented pace backed by the innovative spirit of country’s youth power. 

Addressing the ‘Startup Mahakumbh’ at Bharat Mandapam on the third day , the Prime Minister said that today, when the country is working on the roadmap for a developed India by 2047, this Startup Mahakumbh is of great importance. He said, in the last decade, India has seen as to how it has made strides in the IT and software sector and now , people are seeing the trend of innovation and start-up culture in India. Mr Modi mentioned that Startup India initiative has given a platform to innovative ideas and



connected them to funding. He added that India’s youth has chosen the path of being job creator rather than job seeker. He said, currently India has more than 1.25 lakh Startups and 110 unicorns. 

Mr Modi mentioned that India’s Startup revolution is today being led by the youth of small towns of the country. He expressed happiness that today Startups in agriculture, textile, medicine, transport, space and even yoga and Ayurveda have started.

Union Minister for Commerce and Industry Piyush Goyal said that Startups are making an important contribution towards realising the goal of a developed nation by 2047.