Startups in India have grown 300 times in the last 9 years, from around 350 startups before 2014, since then the number of startups has grown to over 90,000.
New Delhi: India is fast becoming the startup capital of the world. Startups are being created in the country at the fastest pace as compared to other countries of the world. Many of these successful startups have also managed to touch the level of Unicorns.
Union minister Jitendra Singh on Saturday said the number of startups in the country has grown 300 times in the last nine years under the government led by Prime Minister Narendra Modi. The Minister of State in the Prime Minister's Office (PMO) spoke at the two-day 'Young Start-up Conclave' that began in Singh's home constituency Udhampur.
Startups increased from 350 to 90 thousand
Jitendra Singh said, “Startups in India have grown 300 times in the last 9 years, before 2014 there were around 350 startups, since then the number of startups has increased to more than 90,000. More than 100 of these startups have now become unicorns He said the startup movement promoted by Modi is now reaching every part of the country. Prime Minister's mantra of 'Startup India, Standup India' is creating lakhs of job opportunities for the youth who are slowly coming out of a government job mindset and ready to create new opportunities in niche sectors.
Increasing opportunities in Jammu and Kashmir
The conference in Udhampur provides an opportunity for the industry as well as entrepreneurs to explore new avenues in the region, he said, adding that under Modi, J&K is given top priority in everything, which is why J&K is competitively Competing in terms of Is developing along with other states and union territories of the country. He said that "the year 2023 is important for many reasons as it is the year when India has been able to get the G20 presidency. The United Nations are celebrating this year as the International Year of Millets because of Modi's efforts. Which shows how India's stature has increased."