Atmanirbhar Bharat is shaping up as a mass movement in a similar manner to Namak Satyagraha. This clarion call from PM Narendra Modi backed by reformist attitude towards Governance has put India on a path of Decisive Decade of Growth in 2020s (DDG). Sabka Prayas is becoming the operative word towards employment and wealth generation by start-ups across the country. Achieving saturation i.e. covering 100% of population is the new mantra of the Government, which is also playing pivotal role for supporting start-up mindset. On 75th Independence Day, PM Modi had said, “Just as we have made electricity accessible to 100% households, and have made authentic efforts to construct toilets in 100% households …Now, we have to move even further. 100% villages should have roads, 100% households should have a bank account, 100% beneficiaries should have Ayushman Bharat card, 100% eligible persons should have gas connection under Ujjwala scheme and 100% beneficiaries should have Aawas…”
PM Modi had promised, “Our priority will be to ensure that the services reach the last person seamlessly. For the all-round development of the nation, it is essential to end the unnecessary interference of govt and government procedures in the lives of people.” In spite of continued hindrances to legislative work of Parliament, ease of doing business has remained key delivery domain of Modi government. Not less than 1500 old and obsolete laws have been repealed since 2014. Now, India has emerged as world’s 3rd largest start-up ecosystem with around 61,000 start-ups recognised by DPIIT. Though these are clustered around Bengaluru, Delhi and Mumbai, the spread is across 600+ districts of the country. Number of investors has grown 9 fold, total funding amount as well as available incubators have grown 7 fold. These are indeed exponential growth parameters.
Year 2022 of this Decisive Decade of Growth is all set to build upon the recent success. While China was slated to win growth story in 2021, India’s resilience is on display in combating devastating second wave and emerging as the fastest growing major economy globally in 2021. Building on the mantra of Atmanirbhar Bharat, India has added 44 unicorns in 2021 alone, bringing the total number to 81. This exponentially growing number of unicorns is not only backing innovative solutions but also large scale deployments.
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