In a resounding tribute, Prime Minister Narendra Modi declared the Startup India initiative a game-changer that has realized the dreams of lakhs over the last decade. What began as a bold vision has evolved into a nationwide movement propelling India onto the global innovation map.
Addressing entrepreneurs and stakeholders, Modi detailed the explosive growth: from a handful of ventures to over 100,000 registered startups. ‘This decade marks the rise of India’s startup superpower status,’ he proclaimed, crediting policy reforms for slashing red tape and unlocking capital.
Notable achievements encompass seed funding schemes, patent fast-tracking, and the Atal Innovation Mission’s incubators. The ecosystem now boasts 117 unicorns valued at billions, generating millions of jobs and attracting foreign investments.
PM Modi shared inspiring tales of first-generation entrepreneurs revolutionizing sectors like fintech, agritech, and healthtech. Rural innovators, too, have joined the fray, bridging urban-rural divides.
The mission’s ripple effects extend to social impact, with startups tackling climate change, education, and healthcare gaps. Modi urged sustained focus: ‘Innovation must fuel Viksit Bharat by 2047.’
Amid global headwinds, India’s startup resilience shines through. With new measures like credit guarantees and global tie-ups, the future looks brighter, cementing India’s position as the world’s third-largest startup hub.