According to Union Minister Rajeev Chandrasekhar, India’s current advancements in innovation, entrepreneurship, electronics manufacturing, and digital influence are just the initial stages of a vast growth opportunity for the country. He asserts that India has the potential to witness the emergence of 100,000 unicorns and potentially 1-2 million startups in the future.
Chandrasekhar, serving as the Minister of State for Electronics and IT, has been actively involved in India’s digital agenda for the past two years, implementing measures to boost electronics and semiconductor manufacturing. He highlights the positive impact of India Stack and the country’s digital public infrastructure, showcasing how technology can be utilized for the greater good, benefiting individuals, communities, and the nation as a whole.
The minister is confident that the digitalization of government, governance, and the economy will gain even more momentum in the coming years. He affirms that India’s progress in the global tech and digital landscape is just the starting point, with significant potential for further growth.
Chandrasekhar envisions a future beyond the current count of around 100-104 unicorns and 100,000 startups, aiming for a target of 100,000 unicorns and nearly 1-2 million startups. He sees this as an extraordinary opportunity for young Indians and expresses his enthusiasm for contributing to the nation’s journey.
While acknowledging the challenge of predicting specific timelines for achieving these targets due to rapid technological advancements, the minister draws confidence from his interactions with students at universities and colleges. He emphasizes that India’s current innovation ecosystem, represented by existing unicorns and startups, is merely the beginning of what lies ahead.
Chandrasekhar believes that with India’s talent pool and significant investment in skill development led by the prime minister, the potential for entrepreneurship is boundless.
Additionally, the minister highlights India’s growing role in global value chains for electronics. He emphasizes that the country is establishing itself as a trusted participant in these value chains, including semiconductors, over the next decade. This ambition reflects India’s increasing influence and capabilities.
Union Minister Rajeev Chandrasekhar envisions a future where India’s entrepreneurial ecosystem thrives, leading to an impressive number of unicorns and startups. With India’s talent, investments in skill development, and rising prominence in global value chains, the possibilities are limitless.
