Some in politics need to be launched repeatedly, unlike startups, says PM Modi

Prime Minister Narendra Modi on Wednesday took potshots at Congress leader Rahul Gandhi saying some in politics need to be repeatedly launched much unlike startups that move on to other avenues in case one venture does not work outWithout naming anyone Modi while speaking at the Startup Mahakumbh said many people launch startups while the number is much more in politicsSome have to be launched repeatedly he saidThe startup ecosystem is experimental and moves on to a new one if a particular startup doesnt launch he said contrasting them with the ones in politicsModi exuded confidence of returning to power for a third term in a row and presenting a full Budget for the fiscal year starting April 1 2024Businesses in normal course put off big events till the elections are over but the large assembly of startup entrepreneurs and people associated with that ecosystem at the threeday Mahakumbh days after general elections were announced is a sign of things to come he saidYou know what is going to happen in the next five years he said referring to continuity in governance under him after the April 19 to June 4 general electionsFrom less than 100 startups in 2014 India now has 125 lakh registered startups and 12 lakh youth are directly associated with them he saidIndia today is worlds third largest startup ecosystem We have over 100 unicorns he saidIndian startups have filed more than 12000 patents he said but added that still there are many who have not grasped the significance of going in for patentsModi exhorted entrepreneurs and innovators to file for patents given the fast pace at which the world is movingModi said there was a time when education meant getting a job and government job meant a person is settledThat mindset has changed he said citing the startup revolution sweeping the countryEarlier innovators with ideas would worry about funding and it was believed that those with financing could do businessThe startup culture has broken that mindset and psych this is how revolutions happen The youth have opted to become job creators more than job seekers Modi saidBacked by initiatives like Startup India and Standup India the nations youth has proven its mettle he saidModi said his efforts have always been to unshackle and unleash a sectors potential unlike the practices of the past where the governments approach was to hold backToday Indian startups are showing good work in frontiers like space Already our startups are launching space shuttles in such a short time he addedThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever