The Union minister on Tuesday, December 20, 2022 has stated that “The startup ecosystem in India is now the third-largest in the world”
“Under Prime Minister Narendra Modi’s leadership, India has emerged as the third-largest ecosystem of startups, with more than 84,400 startups in 656 districts across the country” said Smriti Irani
Up until 2014, India was home to only 720 startups, and the evaluation stood at USD 332.7 billion.
Explaining more about the economy, she said that in the last eight years, India has become the fifth-largest economy in the world.
She further added that youth are aiming to be “job creators rather than job seekers.” which is what the nation’s prime minister promised.
“Prime Minister Modi took various measures, including Skill India, Start-up India, Stand-up India, Make in India, Digital India, and Mudra Yojana, to empower the youth,” she continued.
“In India’s economic progress, the youth have taken the lead by moving forward under the leadership of Prime Minister Modi. Our prime minister believes that the youth are the backbone of the country. They, too, are the future,” she concluded