Startup Mahakumbh: PM Modi says India will become the world leader in AI

SUMMARY

Prime Minister Narendra Modi praised India's burgeoning startup ecosystem at the Startup Mahakumbh event, highlighting the government's initiatives like Startup India. He emphasized India's transformation into a global leader in innovation, particularly in artificial intelligence (AI).

PM Modi commended the perseverance of startup founders and celebrated the significant role of women in the ecosystem. He lauded the Rs 1 lakh crore fund for research and innovation announced in the interim budget, foreseeing its impact on nurturing sunrise sectors. PM Modi's address underscored India's journey towards becoming a hub for innovation and entrepreneurship, fueled by the government's support and the entrepreneurial spirit of the youth.

Unlocking India's Entrepreneurial Potential: PM Modi's Vision at Startup Mahakumbh

Prime Minister Narendra Modi commended India's youth for their entrepreneurial zeal, emphasizing the unprecedented growth of the startup ecosystem. Speaking at the Startup Mahakumbh held at Bharat Mandapam, PM Modi underscored the government's efforts in fostering innovation through initiatives like Startup India, which have connected innovative ideas with funding channels and established incubators in educational institutions.

Reflecting on India's journey, PM Modi noted the nation's transformation from a landscape where startups held little significance to becoming a global leader in innovation. He emphasized the importance of events like Startup Mahakumbh, especially as India charts its development roadmap towards 2047. Highlighting India's prowess in IT services and software sectors, PM Modi emphasized the growing culture of startup and innovation across the nation.

Artificial intelligence (AI) emerged as a key theme in PM Modi's address, with him proclaiming that it's India's moment to shine. He emphasized India's dominance in AI and revealed his personal use of AI apps to reach audiences across different languages, particularly during elections. Taking a subtle dig at political adversaries, PM Modi praised the perseverance of startup founders and their ability to bounce back from failures.

PM Modi celebrated the significant role of women in India's startup ecosystem, with over 45% of startups being led by women. He highlighted how technology empowerment has enabled women to contribute significantly to nation-building, reflecting India's commitment to democratizing technology and bridging socioeconomic divides.

The announcement of a Rs 1 lakh crore fund for research and innovation in the interim budget was hailed by PM Modi as a significant step towards nurturing sunrise sectors. This fund is poised to catalyze innovation and propel India's startup ecosystem to greater heights, driving economic growth and job creation.

In conclusion, PM Modi's address at Startup Mahakumbh encapsulated India's journey towards becoming a global hub for innovation and entrepreneurship. With the government's unwavering support and the relentless spirit of India's youth, the nation is poised to lead the way in shaping the future of technology and innovation on the world stage.