20 March 2024 — Prime Minister Narendra Modi recently graced the “Startup Mahakumbh” event in New Delhi, showcasing the government’s commitment to fostering the startup ecosystem and attracting investments. The three-day event aimed to ignite innovation and entrepreneurial spirit across the nation.
During his address, PM Modi highlighted the significance of such initiatives, particularly noting the timing amidst major elections. He commended the entrepreneurial mindset that defies conventional norms, reflecting optimism and strategic foresight for the next five years.
Drawing parallels between startups and politics, PM Modi emphasized the need for experimentation and resilience, applauding the innovative spirit of startups that continuously evolve and adapt.
PM Modi lauded India’s startup ecosystem’s growth, envisioning a future with numerous Unicorns and Decacorns. He credited India’s strategic decisions and timely actions for positioning the country as a global leader in startups.
Speaking about the ‘Startup India‘ initiative, PM Modi praised its role in nurturing innovative ideas, connecting them with funding opportunities, and empowering youth from diverse backgrounds, including tier 2 and tier 3 cities.
Highlighting India’s achievements in various sectors, PM Modi underscored the country’s transformation from a job-seeker to a job-provider society, empowering the youth and promoting entrepreneurship.
PM Modi also highlighted India’s technological advancements, notably the Unified Payments Interface (UPI), which has revolutionized financial inclusion and bridged rural-urban divides.
Moreover, he celebrated the significant contribution of women entrepreneurs, with over 45% of Indian startups being led by women, showcasing India’s commitment to diversity and inclusivity in the startup landscape.
Overall
PM Modi’s address at the Startup Mahakumbh reflects a vision for India’s entrepreneurial future, emphasizing innovation, resilience, and inclusive growth in the startup ecosystem.
