Startups have grown over 300 times in 10 years: Union Minister Jitendra Singh
The India of 2024 is ready to take a giant leap, backed by its scientific acumen and technological prowess, Singh said. Photo: PTI
From around 350 startups in 2014, their numbers in India have grown more than 300 times in the last decade after Narendra Modi took over as Prime Minister, Union Minister Jitendra Singh said on Sunday.
He said that today the country has the third largest startup ecosystem in the world and is home to the fastest growing unicorns.
“For the first time in the history of independent India, Modi as Prime Minister has made a painstaking and conscious effort to teach the youth of this country that employment is not just limited to government jobs and has introduced new ways of livelihood promoted which may be more lucrative than a government job,” Singh, the Minister of State for Personnel, told PTI here.
From around 350 startups in the year 2014, startups in India have grown over 300 times in a decade after Narendra Modi took over as Prime Minister, he said.
Singh further said that Prime Minister Modi unleashed India’s space exploration by opening up the hitherto conservative and remote sector.
“India has literally reached the moon and beyond in the past year alone with the dual feat of Chardyaan-3 and Aditya L1 solar mission,” he added.
Singh said the number of space startups has risen from single digits to triple digits in about four years since the space sector was opened to the private sector.
Prime Minister Modi’s out-of-the-box decisions have given a boost to several sectors including aerospace, railways, roads, infrastructure and electronic communications, taking the Indian economy from 11th to 5th and now stands at the brink of an economic crisis. They occupied the third tier, the Union minister said.
Singh said that in 2014, when Prime Minister Modi took over, India was the 10th largest economy in the world.
“In less than ten years we have jumped to fifth place. Hopefully, India will become the fourth largest economy this year and during Prime Minister Modi’s third term, India will be the third largest economy in the world, becoming the number one economy by 2047. ,” he added.
The India of 2024 is ready to take a giant leap, backed by its scientific acumen and technological prowess, Singh said.
He said India has emerged as a leading startup ecosystem in the world and the time has come to develop a strategy for sustainability.
Singh said that the youth is the center of attention of the Modi government through the empowerment of the “Amrit-Peedhi”.
“The common people believe that India under the leadership of Prime Minister Modi can become the leading economy of the world because of the reach he is exercising across the world and the common people also feel confident under the government led by Narendra Modi,” he said. he.
(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)
First print: April 28, 2024 | 6:07 PM IST