PM Modi said that the average annual growth rate of Indian unicorns is higher than that of US, UK
PM Modi said that the average annual growth rate of Indian unicorns is higher than that of US, UK
Noting that the number of unicorns in India has reached the 100 mark, Prime Minister Narendra Modi on May 29 said that even covid pandemicIndia’s startups continue to create wealth and value.
In his monthly ‘Mann Ki Baat’ radio broadcast, he said that on the fifth of this month, the number of unicorns in India reached the 100 mark.
The Prime Minister said, “A unicorn means a startup with a business turnover of at least ₹7,500 crore. The total valuation of these unicorns is $330 billion, which is more than ₹25 lakh crore. This is certainly a lot for every Indian. It’s a matter of pride.”
“You would be surprised to know that out of the total unicorns, 44 unicorns were made last year only. Not only this, in a span of three-four months this year, 14 unicorns were created. That means even during the global pandemic. Our startups continued to create wealth and value,” he said.
Shri Modi said that the average annual growth rate of Indian unicorns is higher than that of US, UK and many other countries.
He also said that Indian unicorns are diversifying and the world of startups is reflecting the spirit of New India, with entrepreneurs coming from even smaller cities and towns.