Mahakumbh 2024:
The Start-up Mahakumbh, a major event focused on promoting and celebrating India’s startup ecosystem, was inaugurated by Prime Minister Narendra Modi at Bharat Mandapam in New Delhi.
- The Start-up Mahakumbh event showcased innovations and startups from across the country, with participants displaying their products and services with great pride.
- India’s startup ecosystem has seen remarkable growth in recent years, with the country now having the third-largest startup ecosystem in the world
- Prime Minister Modi highlighted that the startup revolution is being led by small cities across a wide range of sectors, including agriculture, textiles, medicine, transport, space, yoga, and ayurveda.
- He mentioned the work of Indian startups in more than 50 areas within the space sector, including the launch of space shuttles.
- The Prime Minister underlined the impetus provided by the Digital India initiative to startups, suggesting that colleges take it up as a case study.
- He specifically mentioned the Unified Payments Interface (UPI) becoming a pillar of support for fintech startups, leading to the development of innovative products and services that have expanded digital services in the country.
