Finance Minister Nirmala Sitharaman highlighted India’s evolution into a prime hub for innovation and enterprise, urging young entrepreneurs to capitalize on emerging prospects and establish globally competitive ventures within the country. Speaking at the YiFi Entrepreneurship Summit 2026 in Madurai, Tamil Nadu, Sitharaman emphasized India’s conducive environment, encompassing stable policies, regulatory clarity, and top-notch infrastructure that attract startups and businesses. She underscored India’s appeal for innovation and business, citing a supportive government, consistent policies, a predictable tax system, and an accessible administration.
Sitharaman lauded the government’s reforms under Prime Minister Narendra Modi, which have shifted its role from a regulator to a facilitator of enterprise. She emphasized that through formalization, digitization, regulatory enhancements, GST implementation, and investments in infrastructure, India has fostered an ecosystem where businesses can establish, expand, and compete confidently. The Finance Minister urged businesses to leverage emerging opportunities in sunrise sectors by embracing technology and innovation.
Furthermore, Sitharaman noted India’s transition from self-doubt to active participation in cutting-edge scientific and technological initiatives globally. Encouraging the next wave of entrepreneurs to think ambitiously, she advised them to build with vision, responsibility, and a focus on both national and global impact, aiming to create a lasting legacy. She highlighted that in today’s interconnected world, geographical barriers have diminished, with technology enabling access to global markets from anywhere and capital flowing across borders in pursuit of promising ventures.
