India is one of the largest startup ecosystems in the world. There are over 41,000 startups in the country. It has around 5,700 in the IT sector, 3,600 in the health sector, and 1,700 in agriculture said PM Narendra Modi while addressing at ‘Prarambh: Startup India s International Summit’

He said, “Another change that is now visible is that earlier if a youth launched any start-up, people used to say ‘Why don’t you do a job? Why a start-up? But now people say – ‘Job is alright, but why don’t you create your own start-up’? And the first reaction to seeing young people who are already in start-ups is: ‘Wow, it is your start-up, this change is a major strength of BIMSTEC countries, Bangladesh, Bhutan, India, Nepal, Sri Lanka, Myanmar, and Thailand.

He laid emphasis on digital media and said, “This century is a century of the digital revolution and new-age innovations. And this century is also called the Century of Asia. And therefore, it is the need of the time that future technology emerges from Asia’s labs and future entrepreneurs are made from here.

The USP of our start-up world is its disruption and diversification capacity. It is disruptive because these start-ups are giving rise to new approaches, new technology, and new modalities today. Start-ups provide solutions by breaking barriers in any field, India is breaking old barriers in every sector today.  India is trying to create a start-up ecosystem, the basis of which will be Of the Youth, By the Youth, For the Youth,  were some of the highlights said by Narendra Modi at Prarambh: Startup India’s International Summit’.

Read the full address of PM Narendra at Prarambh: Startup Indias International Summit’ here