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March 20, 2024

PM Modi Touts Startup Resilience: “Some in Politics Need Repeated Launches”

Prime Minister Narendra Modi, while addressing the Startup Mahakumbh, drew a sharp contrast between the resilience of startups and the often cyclic nature of political careers, taking subtle jabs at opposition figures without naming names. He highlighted the dynamic nature of the startup ecosystem, where failure is seen as a stepping stone to success, unlike in politics where some individuals require repeated launches to remain relevant.

Speaking at the event without direct mention of any political opponent, Modi emphasized the vast difference in numbers between those involved in startups and those in politics. He suggested that while startups move on to new ventures after setbacks, certain political figures seem to require repeated reintroduction to the public arena.

The Prime Minister expressed his confidence in securing a third term in office, showcasing his commitment to continuing policies that support entrepreneurship and innovation. Despite the looming general elections, Modi reassured attendees of his dedication to fostering a conducive environment for startups to thrive.

The timing of the Startup Mahakumbh, just days after the announcement of general elections, was noted by Modi as a testament to the growing influence of the startup ecosystem. He indicated that the presence of a large assembly of entrepreneurs and stakeholders signifies the trajectory of India’s economic landscape in the coming years.

Highlighting the remarkable growth of the startup sector under his governance, Modi cited statistics revealing the exponential rise in the number of registered startups and the significant employment opportunities they generate. India’s emergence as the world’s third-largest startup ecosystem, with over 100 unicorns and more than 12,000 patents filed by Indian startups, underscores the nation’s entrepreneurial prowess on the global stage.

In his address, Modi encouraged entrepreneurs to leverage intellectual property protection mechanisms such as patents, recognizing their importance in a rapidly evolving world. He emphasized the shift in societal attitudes towards entrepreneurship, noting that the youth are increasingly inclined towards creating jobs rather than seeking employment, marking a paradigm shift in the country’s economic landscape.

Modi attributed this transformation to initiatives like Startup India and Standup India, which have empowered the nation’s youth to pursue their entrepreneurial aspirations. He reiterated his government’s commitment to dismantling bureaucratic barriers and fostering an environment conducive to innovation and growth.

The Prime Minister lauded the achievements of Indian startups across diverse sectors, including space technology, where entrepreneurs are making significant strides in launching space shuttles in record time. Modi’s remarks underscored the transformative impact of the startup culture in challenging conventional norms and driving socio-economic progress.

In conclusion, PM Modi’s address at the Startup Mahakumbh celebrated the resilience and dynamism of India’s startup ecosystem while subtly critiquing the cyclical nature of political careers. His vision for a future where entrepreneurship flourishes unabated reflects the government’s unwavering commitment to driving economic growth and fostering innovation across all sectors.

Jhumpa Lahiri

Jhumpa Lahiri

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