India leading the world in field of start-ups: PM Modi

Asserting that this is an era of start-ups, Prime Minister Narendra Modi on Sunday said India is leading the world in this field with more than 70 start-ups having crossed the valuation of USD 1 billion.

In his monthly Mann Ki Baat radio broadcast, the prime minister said that in any country having a large population of youth, three things — ideas and innovation, passion to take risks and the ‘can do’ spirit– matter a lot.

When these three things come together, unprecedented results are achieved and miracles happen, he said.

“These days we hear all around us, start-up, start-up, start-up. It is true that this is the era of start-ups and it is also true that in the field of start-ups, in a way, India is leading the world,” Modi said.