India is not becoming a nation of job creators, Prime Minister Narendra Modi said in his ‘Man Ki Baat’ on Sunday, while applauding the country’s recent boom in startups.
“This is a watershed moment in India’s development story, where people are dreaming of becoming job producers as well as job seekers.” The Prime Minister stated, “This will further improve India’s prominence on the global stage.”
“A few years ago, if someone said he wanted to go into business or establish a new company, the elders of the family would respond, “Why don’t you want to do a job?” The employment is secure, and there is a salary. There’s also less of a hassle. “However, if someone wants to establish a business today, everyone around him is really excited and entirely supportive,” the Prime Minister stated.
“These days, all we hear is Start-up, Start-up, Start-up from every nook and corner. It is true that this is the start-up era, and it is also true that in the world of start-ups, India is currently leading in a significant way. Year after year, start-ups receive huge amounts of funding. “This sector is moving at a breakneck pace,” he remarked, praising the efforts of the younger generation.
“Start-ups have expanded their influence even too little villages across the country.” The term “unicorn” is all the rage these days. A ‘unicorn’ is a start-up with a market capitalization of at least one billion dollars, or around seven thousand crore rupees. “There were only nine or 10 Unicorns in the country before 2015,” he stated. However, even in the realm of unicorns, India is flying high today, he noted.
“In India, a unicorn is born every ten days in just ten months.” This is especially significant because our youth have accomplished this success despite the corona pandemic. In India today, there are more than 70 unicorns,” he remarked.
There are more than 70 start-ups with a valuation of more than a billion dollars. Friends, everyone has noticed Start-Ups and the way they are receiving backing from investors from all across the country and overseas as a result of their success. Perhaps no one could have predicted this just a few years ago, according to the Prime Minister.
On the Covid 19 front, the Prime Minister also urged people to be more cautious. “Don’t forget that Corona hasn’t gone yet,” he said. It is our collective responsibility to take safeguards.” He also urged people to protect the environment, praising community initiatives to revitalise rivers, plant trees, and avoid soil erosion.
The Prime Minister also thanked the country’s soldiers in his speech, which comes ahead of Navy Day and National Flag Day next month. In honour of the golden jubilee of the 1971 conflict, he also praised the security forces. “We will be commemorating Navy Day and National Flag Day in the next two days as we enter the last month of the year 2021.” “I’d like to pay tribute to the heroic sons and moms who have served in the military,” he remarked.