PM Modi to address National Startup Day event on Friday | Business News

Prime Minister Narendra Modi is set to address the National Startup Day event this Friday, marking a significant moment for India's burgeoning startup ecosystem. The event will celebrate the achievements and potential of startups that have become a cornerstone of the country's economic growth. Modi's speech is highly anticipated, given his administration's focus on fostering innovation and entrepreneurship through various initiatives. Since the launch of the "Startup India" initiative in 2016, the landscape of Indian startups has transformed dramatically. What began with around 400 startups has now expanded to over 200,000 recognized by the Department for Promotion of Industry and Internal Trade (DPIIT). This growth underscores the success of policies aimed at easing regulatory frameworks, improving access to funding, and nurturing a supportive environment for budding entrepreneurs. The Prime Minister's address is expected to highlight the government's continued commitment to supporting startups and encouraging technological advancements. As India positions itself as a global innovation hub, the event will also serve as a platform for networking and collaboration among entrepreneurs, investors, and policymakers. With startups playing a pivotal role in job creation and economic development, Modi's speech will likely emphasize the importance of sustaining this momentum for future prosperity.

— Authored by Next24 Live