PM Modi exhorts startups to move beyond valuations to create world-class institutions

Prime Minister Narendra Modi exhorted the country’s burgeoning startup ecosystem to move beyond focusing on the valuations and exit strategy and rather create world-class institutions that will last for a century and create a huge impact for the country.

Modi was speaking at the first-ever virtual Nasscom India Leadership Forum on Wednesday. Giving industry a kind of a target, he said by the time India celebrates its 100th Independence Day, the country should have a good showcase of global leaders and innovative products.