![]() ![]() Education and skills were primarily available to the elite, leaving others to fend for themselves. ![]() Professionals joined the workforce each year without proper skills, leading to many talented individuals seeking opportunities abroad. “In 2014, three out of four Indians were not skilled. He mentioned that the government now works closely with both large and small companies through strategic partnerships to identify necessary skills, creating a comprehensive framework with the involvement of academia, communities, and corporations. Today, we have over a lakh startups in India, and it will increase by 10 times,” the Minister confidently declared, according to the release.Ĭhandrasekhar also commended the collaborative efforts between the industry and the government in enhancing skill development.Īcknowledging the historical challenges faced by a significant portion of the population lacking skills, the Minister highlighted the transformative impact of PM Modi’s Skill India initiative. “From 108 unicorns, I am sure we will reach 10,000 in the next 4-5 years. However, since then, opportunities have emerged across various domains such as deep tech, AI, data economy, semiconductor design, microelectronics, and high-performance computing,” he explained. “In 2014, our nation’s tech landscape was limited to IT and ITes. He noted that while India’s tech landscape was initially focused on IT and ITes, the next 4-5 years will witness significant growth for startups and unicorns. The minister highlighted their successful ventures into emerging technologies like AI, Web3, and deep tech, according to an official release on Sunday (July 16).Įngaging with industry leaders and aspiring young entrepreneurs, the Minister emphasized India’s transformative journey since 2014. Union Minister Rajeev Chandrasekhar praised India’s remarkable progress in the development of unicorns and startups, predicting a significant surge in the next 4-5 years with a tenfold increase in the number of startups in the country.ĭuring the JITO Incubation Innovation Foundation (JIIF) Sixth Foundation Day and Investors/Startup Conclave in Hyderabad, the Union Minister of State for Skill Development and Entrepreneurship and Electronics and IT acknowledged India’s impressive advancements in creating unicorns and startups. Indian Startups to Thrive with 10x Growth in the Next 4-5 Years: Union MoS Rajeev Chandrasekhar ![]()
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