PM Modi mentioned the common annual development charge of Indian unicorns is greater than that of the U.S., the U.Ok.
PM Modi mentioned the common annual development charge of Indian unicorns is greater than that of the U.S., the U.Ok.
Noting that the variety of unicorns in India has reached the 100-mark, Prime Minister Narendra Modi on May 29 mentioned that even in the course of the COVID pandemic, India’s startups continued to create wealth and worth.
In his month-to-month ‘Mann ki Baat’ radio broadcast, he mentioned that on the fifth of this month the variety of unicorns in India reached the 100-mark.
“One unicorn means a startup of at least ₹7,500 crore turnover. The total valuation of these unicorns is $330 billion, that is over ₹25 lakh crore. Surely it is a matter of immense pride for every Indian,” the Prime Minister mentioned.
“You will be amazed to know that out of the total unicorns, 44 unicorns were formed only last year. Not only that, in a span of three-four months this year, 14 unicorns were made. This means that even during the global pandemic our startups continued to create wealth and value,” he mentioned.
Mr. Modi mentioned the common annual development charge of Indian unicorns is greater than that of the U.S., the U.Ok. and lots of different nations.
He additionally mentioned Indian unicorns are diversifying and the world of startups is reflecting a spirit of latest India with entrepreneurs additionally coming from small cities and cities.
Source: www.thehindu.com
