Prime Minister Narendra Modi appreciated the entrepreneurial vigour of startup pioneers, accentuating their transition from job seekers to job creators, while urging the youth to harness Bharat’s potential in artificial intelligence or AI to become global leaders.
Addressing the final day of the Startup Mahakumbh on March 20, a three-day congregation of startup founders, innovators, and young business leaders in New Delhi, PM Modi highlighted the event’s significance in instilling confidence in Bharat’s journey towards becoming a developed nation by 2047.
Here are the top 10 insights from PM Modi’s address:
Entrepreneurial Spirit: PM Modi recognised the entrepreneurial zeal and envisioned a future brimming with thriving startups and innovation, asserting that the key to their success lies within the innate genius of every individual.
Expansive Network: He underscored the strategic vision behind the government’s initiatives for startups, celebrating the expansion of the startup ecosystem to Tier 2 and 3 cities, encompassing over 600 districts nationwide.
Job Creation: PM Modi praised startups for their significant contributions, particularly in areas like space technology, remarking on the shift from job seeking to job creation, with Indian startups filing 12,000 patents.
Women Empowerment: He applauded the democratisation of technology in Bharat, highlighting that women lead over 45 per cent of startups, symbolising the empowerment of women in the entrepreneurial landscape.
Vision for Vikshit Bharat: PM Modi shed light on the pivotal role of the Startup Mahakumbh in shaping Bharat’s trajectory towards becoming a developed nation by 2047, reflecting on the evolution of innovation and startup culture in the country.
AI Potential: Recognising startups as catalysts for economic growth, the Prime Minister accentuated Bharat’s potential in artificial intelligence (AI) and advocated for seizing opportunities through initiatives like “Indian solutions for global applications”.
Personal AI Experience: Sharing personal anecdotes, PM Modi illustrated the vast opportunities AI presents for innovators and investors, citing national missions like the Bharat AI Mission as avenues for youth empowerment.
Government’s AI Push: He highlighted the government’s commitment to drive AI computing in the country through an over Rs 12,000-crore plan, including the establishment of a non-personal data platform to support startups and Indian entrepreneurs.
Resilience in Startups: PM Modi commended startup founders for their practical approach, acknowledging their resilience in swiftly pivoting to new ventures after setbacks, contrasting them with less pragmatic endeavours.
Bright Entrepreneurial Future: The PM commended the innovative prowess showcased at the event, envisioning the participating startups as the “unicorns and decacorns of tomorrow,” indicative of Bharat’s promising entrepreneurial landscape.
With these insights, PM Modi affirmed his unwavering support for Bharat’s startup ecosystem, heralding a future fuelled by innovation, entrepreneurship, and technological advancement.
