narendra modi: Indian startups continued to create value, wealth even during the pandemic: PM

New Delhi: Noting that the number of unicorns in India it reached the 100 brandsPrime Minister Narendra Modi Sunday said that even during the covid pandemic, Indian startups continued to create wealth and value. In his monthly ‘man ki baat‘radio broadcast, said on the fifth of this month the number of unicorns in India reached the 100 mark.

“A unicorn means a startup with a turnover of at least Rs 7,500 crore. The total valuation of these unicorns is $ 330 billion, or over Rs 25 lakh crore. It is certainly a matter of immense pride for every Indian,” said the prime minister. .

“You will be amazed to know that out of the total number of unicorns, 44 unicorns were formed last year alone. Not only that, in a span of three to 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 said.

Modi said the average annual growth rate of Indian unicorns is higher than that of the United States, the United Kingdom and many other countries.

He also said that Indian unicorns are diversifying and the startup world reflects a spirit of new India with entrepreneurs from even small towns and villages.

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