Indian Startups Are Solving Global Challenges, Creating Job Opportunities: PM Modi

Indian Startups Are Solving Global Challenges, Creating Job Opportunities: PM Modi

SUMMARY

In an X post today (January 16), the PM said that Indian startups are solving global challenges while creating employment opportunities

He further lauded the programme and called it a landmark initiative that has redefined innovation, entrepreneurship and growth

In nine years, the Indian startup landscape has grown to boast more than 1.59 Lakh startups, 118 unicorns, $158 Bn+ funding, and more than 35 publicly listed new-age tech companies

With nine years of the Centre’s flagship ‘Startup India’ initiative, Prime Minister Narendra Modi said that this transformative programme has empowered countless youngsters, turning their innovative ideas into successful startups.

In an X post today (January 16), the PM said that Indian startups are solving global challenges while creating employment opportunities.     

“From tech-driven solutions to rural innovations, healthcare advancements to biotech breakthroughs, fintech to edtech, clean energy to sustainable technology, Indian startups are solving global challenges while at the same time creating employment opportunities and boosting our quest towards self-reliance,” he said. 

He further lauded the programme and called it a landmark initiative that has redefined innovation, entrepreneurship and growth. “Over the past nine years, this transformative program has empowered countless youngsters, turning their innovative ideas into successful startups,” he added.

In nine years, the Indian startup landscape has grown to boast more than 1.59 Lakh startups, 118 unicorns, $158 Bn+ funding, and more than 35 publicly listed new-age tech companies. 

Modi also said that the government’s policies are focused on ease of doing business and greater access to resources. “We are actively promoting innovation and incubation centres so that our youngsters become risk-takers,” the post added. 

Urging youth to join the startup ecosystem, he said, “It’s my assurance you won’t be disappointed.”

World’s third-largest startup ecosystem, India’s startups have created more than 17 Lakh jobs in the country, as per the government estimates. 

These startups cover more than 56 sectors, including IT services, healthcare and life sciences, education, agriculture, construction, among others. 

India is also third in the world in terms of the number of unicorns. As per the DPIIT, the number of billion-dollar valuation companies in India have soared 13X in the past decade to 118 in 2024 from mere eight in 2015. 

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