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Modi's Leadership Fuels India's Startup Boom, Say Top Entrepreneurs

Top entrepreneurs credit Prime Minister Narendra Modi's leadership for dramatically transforming India's startup ecosystem. They highlight the development of foundational digital infrastructure like UPI and the JAM Trinity as key enablers for business growth and inclusion. The Startup India Mission launched in 2016 is cited as a catalyst, with the country now boasting over 110 unicorns compared to just one or two a decade ago. CEOs praise Modi's problem-solving approach and say his vision has placed Indian startups firmly on the global map.

Key Points: Modi's Role in India's Startup Success: Entrepreneurs Praise Growth

  • Digital public infrastructure enabled growth
  • Over 110 unicorns created in 8 years
  • Startup India Mission was pivotal
  • Leadership with a "startup CEO mindset"
  • Ecosystem now widely supported
2 min read

India's startup ecosystem accelerated under PM Modi's leadership: Top entrepreneurs

Top CEOs credit PM Modi's vision and digital infrastructure for India's startup boom, now home to over 110 unicorns and a global reputation.

"Since Prime Minister Modi took charge, startups have moved into the spotlight. India has successfully established itself on the global startup map. - Prashant Tandon"

New Delhi, Jan 15

Prime Minister Narendra Modi has played a decisive leadership role in strengthening India's startup ecosystem, with his vision, top entrepreneurs said on Thursday.

According to them, the development of digital public infrastructure such as the JAM Trinity (Jan Dhan, Aadhaar and Mobile) and UPI for making business easier and more inclusive.

Healthcare platform 1mg CEO Prashant Tandon said India today offers everything an entrepreneur needs to build and scale a business.

"Since Prime Minister Modi took charge, startups have moved into the spotlight. India has successfully established itself on the global startup map," he said.

Tandon added that startups are now widely understood and supported not only by entrepreneurs, but also by corporates, governments and society at large.

"Strong public digital infrastructure has enabled founders to build solutions aligned with the country's real needs," Tandon added.

Urban Company co-founder and CEO Abhiraj Singh Bahl said that when his company started, India had only one or two unicorns.

"Over the last eight years, the ecosystem has transformed dramatically. Today, India has over 110 unicorns and thousands of startups across sectors. This growth is a result of the leadership and support provided by Prime Minister Modi," he said.

Pristyn Care co-founder Harsimranbir Singh said PM Modi's 2015 speech at Madison Square Garden in New York inspired him to return to India.

"He has the mindset of a startup CEO. Whenever he identifies a problem, he moves quickly to solve it. The government's response to global semiconductor challenges and the $20-30 billion investment in this sector reflects that approach," he said.

Rage Coffee founder Bharat Sethi recalled attending the launch of the Startup India Mission at Vigyan Bhavan in 2016.

"Very few people truly understood then what was about to happen. India was entering a transformation phase. Today, our startup growth is largely a result of the Startup India Mission," he said.

- IANS

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Reader Comments

R
Rohit P
As someone who started a small e-commerce venture in 2018, I can vouch for this. The Startup India portal, tax benefits, and the overall supportive policy environment have been crucial. It's not just about funding, it's about creating an ecosystem.
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Aman W
While the growth in numbers is impressive, we must also talk about sustainability. How many of these 110+ unicorns are actually profitable? The focus should shift from valuation to value creation and solving real Bharat problems, not just urban ones.
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Sarah B
The JAM Trinity mention is key. Financial inclusion through Jan Dhan and Aadhaar has opened up markets that didn't exist before. It's a foundational shift that many Western economies are still trying to figure out.
K
Karthik V
True that! The mindset shift is the biggest achievement. A decade ago, leaving a safe job for a startup was considered risky and almost foolish. Today, it's a respected career path. That cultural change is priceless for a young country like ours.
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Nisha Z
Hope this momentum continues and reaches smaller cities and towns. Tier-2 and Tier-3 cities have immense talent and ideas. Need more incubation centers and angel networks outside Bengaluru, Mumbai, and Delhi NCR.

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