Growth of Indian Unicorns Higher Than That of US, UK: PM Modi
Out of the total unicorns, 44 were formed last year while 14 reached the status this year.
This shows that even in the period of pandemic our startups continued to create wealth and value, he said.
The average annual growth rate of Indian Unicorns has surpassed that of several countries including USA, and UK. Yet another good thing about Unicorns in India is that they are diversifying and emerging in different fields like e-commerce, Fintech, Ed-Tech, and Bio-Tech, stated PM Modi.
“Anyone who has innovative ideas can create wealth. Today, entrepreneurs are emerging not just from metro cities but also from small cities and towns,” PM Modi said.
Stating that right mentoring was required to guide entrepreneurs from rural areas, he lauded the efforts of entrepreneurs like Sridhar Vembu and Madan Padaki, who are encouraging people from rural areas to pursue their own business.
Vembu, Zoho Corporation’s CEO, who recently received…