Page 20 - Mann Ki Baat - English May 2022
P. 20
Meteoric rise of the indian start-Ups
100 Unicorns in India
th
On the 5 of this month, the India has seen a meteoric rise in
number of unicorns in the coun- the number of start-ups in the last
try has reached the figure of 100 decade. The country witnessed
th
and you surely know that a uni- the birth of its 100 unicorn in May
corn is a startup worth at least 2022. India marked its first unicorn
seven and a half thousand crore entry in 2011 and in just 11 years, it
rupees. The total valuation of has over 100 unicorns making it
rd
these unicorns is more than 330 the 3 largest start-up base in the
world after the USA and China. A
billion dollars, that is, more than
unicorn refers to the start-up which
25 lakh crore rupees. Certainly,
attains the valuation of more than
this is a matter of pride for every
USD 1 billion or approximately
Indian.
seven and a half thousand crore
rupees. The total valuation of the
– Prime Minister Narendra Modi
100 Indian unicorns is more than
(in his ‘Mann ki Baat’ address)
USD 330 billion, that is, more than
25 lakh crore rupees.
A record 44 unicorns were
established last year amidst the
pandemic. 14 more unicorns were
formed anew in just a span of 3-4
months this year. This means that
even in this phase of the global
pandemic, our start-ups have
been creating wealth and value.
“The rise of 100 unicorns in
India, that too in such a record In 2016, the Government saw
time, speaks of the new spirit of an opportunity to leverage
India. My tremendous gratitude the demographic dividend
to the Hon’ble Prime Minister of the country with the ‘Start-
Up India’ initiative to build a
for strongly championing this
strong ecosystem for nurturing
spirit of entrepreneurship from
innovation and entrepreneurship
the front. It has led to India’s
in the country. The Government,
emergence as the third largest
as part of this initiative, has
ecosystem for startups in such
implemented Fund of Funds for
a short time.
Start-ups Scheme and Start-up
- Debjani Ghosh India Seed Fund Scheme across
President, NASSCOM all States/UTs to provide financial
assistance and boost private
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