(FE)
Innovation and start-ups will play a crucial role for India to become a $5-trillion economy by 2024, said Prime minister Narendra Modi. He said India is already among the top three start-up-friendly ecosystems and during the last five years, the government had given great emphasis to encourage innovation and incubation.
Speaking at the Singapore–India Hackathon Event at IIT Madras, Modi said programmes like Atal Innovation Mission, PM Research Fellowships and Start-up India Abhiyan are the foundation for 21st century India. “ We are now trying to give exposure to modern technology like Machine Learning, Artificial Intelligence and Blockchain to our students as early as in the 6th grade. From school to research in higher education, an ecosystem is being created that becomes a medium for innovation,” he said.
According to him, the government has been encouraging innovation and incubation for two reasons. “One, we want easy solutions to solve India’s problems to make life easier. And the other, we in India want to find solutions for the whole world. Indian solutions for global application – this is our goal and our commitment,” Modi said.
