Prime Minister Narendra Modi will be part of an event in New Delhi on Friday, commemorating ten years of the ‘Startup India’ initiative. Launched on January 16, 2016, by the Prime Minister, ‘Startup India’ aims to foster innovation, encourage entrepreneurship, and drive investment-led growth to transform India into a nation of job creators. The Prime Minister’s Office stated that PM Modi will engage with members of India’s dynamic startup community during the event.
India’s startup landscape has experienced remarkable growth over the years, with over 200,000 startups identified nationwide. These startups have played a crucial role in creating jobs, driving innovation-led economic progress, and fortifying local value chains in various sectors. ‘Startup India’ has become a fundamental element of India’s economic and innovation framework, enhancing access to funding, mentorship, and a conducive environment for startups to expand and diversify across industries and regions.
During a recent roundtable discussion with Indian AI startups at his residence, PM Modi encouraged startups to utilize artificial intelligence for the greater good. The government highlighted the substantial growth of the startup ecosystem in the country, with the Department for Promotion of Industry and Internal Trade (DPIIT) recognizing over 201,335 startups for benefits under the ‘Startup India’ initiative, leading to the creation of more than 2.1 million jobs nationwide.
Indian innovators have seen a 425% surge in domestic patent filings from 2014 to 2024, contributing to India’s improved ranking of 38th in the Global Innovation Index 2025.
