India’s future economy will be determined by beginners, Jitendra Singh

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India’s future economy will be determined by beginners, Jitendra Singh

”Today, the new India is not looking for a secure future. It is ready to take risks, innovate and incubate. And this is why in around 2014…we had some 100, 200 to 400 startups but today in a short span of time, this figure has risen to some 70,000 plus startups,” she said. ”We have startups not just in the cosmopolitan cities, but more than 50 percent of them are today to be found in tier 2 and tier 3 cities and we have to expand this and the government is leaving no stone unturned,” Patel said.

Story Highlights

  • ”In India, we started nurturing the startup ecosystem 2016 onwards under the leadership of our Prime Minister, and today, we have risen to be the third-largest startup ecosystem in the world in just five-six years which is not a very big time,” Singh said at an event on startups organized by Ph.D. Chamber of Commerce and Industry. Anupriya Patel, Union Minister of State for Commerce and Industry, said Indian startups are actually scripting history and have astonished the whole world in a very short period of time.