Union Minister of State for Electronics, IT, Skill Development, and Entrepreneurship Rajeev Chandrasekhar on Monday attended top institutes of Gujarat. In one of his interactions he said, “Startups are the new normal emerging from deep structural changes in the Indian economy, not just fashion.” He attributed the structural changes in the economy to the Narendra Modi government’s reforms.
“Startups are no longer a passing fad; they have become the new normal. They are the new reality that has emerged as a result of the deep structural changes in the Indian economy brought about by the proactive policies and reforms implemented by the Narendra Modi government over the last eight years “During his interaction with Nirma University students, the Minister of State for Electronics, IT, Skill Development, and Entrepreneurship stated.
He stated that the rapid digitisation during the COVID-19 pandemic has created new opportunities for India in general, and for young people in particular.
He emphasised how India has emerged as the world’s third largest startup ecosystem, with 100 unicorns and over 75,000 registered startups, and he referred to the youth as the true drivers of the Indian economy as it strives for a USD 5 trillion economy and beyond. According to Chandrasekhar, the “New India” is shattering age-old narratives about democracy being leaky.
The minister also paid a visit to Mehsana’s Ganpat University and the 5G Centre of Excellence, the Assembly line established by Suzuki as part of a joint initiative between India and Japan.
Innovation will shape our future as well as the nation’s, he said, adding that startups and entrepreneurs will propel the Indian economy into the trillions of dollars.