Page 30 - NIS English 16-28 Feb 2022

Nation Startups
GOLDEN ERA

OF STARTUPS

BEGINS

India's startup ecosystem has come a long way in the six years since its inception on January
16, 2016. The Prime Minister’s announcement to celebrate January 16 as National Startup
Day, during an interaction with youngsters from the startup ecosystem on this day last month,
has added more aspirations to their dreams. Young entrepreneurs' enterprises have given the
country and the world not just a new identity, but also a new pace and direction.

ew India has only one mantra: competition Minister on six themes. Participants included
and winning. The youth of India are creating startup entrepreneurs from a wide range of
Nthe story of world prosperity with the help of industries, including agricultural, health, enterprise
this mantra. People's perspectives have changed systems, space, industry 4.0, security, fintech, and
as a result of start-ups, and instead of taking up the environment.
jobs, there is now a perception of giving jobs. India's startup environment is always on the
This is why India's youth are in the world's unicorn lookout for fresh opportunities. It is adjusting to
system. The role of women's power in this is also the spirit of change and learning. India's start-ups
significant. are currently active in 55 distinct industries. Five
As a part of Azadi ka Amrit Mahotsav, a week- years ago, there were just 500 startups; today,
long (January 10–January 16) event, "Celebrating there are more than 60 thousand. The reason for
Innovation Ecosystem", was organised by the this upswing is the government's initiative and
Department for Promotion of Industry and Internal support for this sector, even during the COVID
Trade (DPIIT). The Prime Minister interacted with period.
startups during the event. The startups, grouped The government's commitment to supporting
under six groups, gave presentations to the Prime innovation and entrepreneurship has resulted in

Scan the QR code to listen
28 New India Samachar February 16-28, 2022 the full address of the
Prime Minister and view
the full programme.