New Delhi: Underling the importance of startups, PM Narendra Modi addressed the country on Sunday and stated that the country is leading its way in the startup domain which can be a turning point in India’s growth. As of now, the nation has over 70 startups or unicorns that have passed the $1 billion mark.
PM Modi in his radio broadcast Mann Ki Baat said that in every nation with a huge youth population, three aspects matter a lot which are “ideas, innovation and the can-do spirit”. He said, “When these three things combine, phenomenal results are produced, miracles happen”. “These days, all we hear about from every corner is about startup, startup, startup. It is true, this is the era of startup, and it is also true that in the world of startup, India is leading in a way in the world today. The reach of startups has increased even in small towns of the country”.
A ‘unicorn’ is startup with a valuation of at least $1 billion (more than Rs 7,000 crore). “Till 2015, there used to be hardly nine or ten unicorns in the country. Now India is flying high even in the world of unicorns. According to a report, a big change has come this year. In just 10 months, a unicorn is being raised in India every 10 days,” the PM said. Focusing on the achievement, Modi congratulated the Indian youth to have a greater role in such success stories in the midst of COVID19 pandemic.