Indian startups disrupting the world, says Niti Aayog CEO

Addressing an event by FICCI Ladies Organisation (FLO), Amitabh Kant said women entrepreneurs are the vehicles to realise a more equal society.

He further said India at present has more than 61,000 start-ups and 81 unicorns.

“Indian start-ups are disrupting the world especially in new emerging areas of health, nutrition and agriculture,” he said.

According to Kant, women-owned businesses and enterprises are playing a very prominent role in society and will soon be the next big disruption within the Indian start-up ecosystem.

“Women-based entrepreneurship is one of the vehicles for realising a more equal society as more women take on entrepreneurship, it serves as a catalyst for socio-economic transformation, by enhancing women’s agency and status,” he said.

The Niti Aayog CEO noted that presently venture capital (VC) and private equity firms are supporting women start-ups.

“This will help frame strategies and suggest appropriate measures to facilitate healthy growth of startups and will help promote women entrepreneurship,” he said.

Kant said today India is a compelling growth story poised for rapid growth in consumption, urbanisation, digitisation along with rising income levels.

To all the women entrepreneurs including potential entrepreneurs, he said: “The world is looking at India very favourably.”

(With inputs from PTI)