Vice President C.P. Radhakrishnan recently highlighted the potential of Indian start-ups to tackle major issues like climate change and the ethical use of artificial intelligence. At the Silver Jubilee celebration of the CMR Institute of Technology, he declared that India is on a path toward becoming a “Viksit Bharat” or developed nation by 2047, emphasizing the pivotal role of youth in this mission.
He noted that India is no longer just consuming technology; it’s now a creator. This shift was evident when the country developed its own COVID-19 vaccines during the pandemic, showcasing its innovative spirit. “The vision for Viksit Bharat is about building a strong nation that stands independent and confident,” he said.
Radhakrishnan inaugurated the CMRIT Incubation Centre and emphasized that education is key to national progress. He believes institutions should nurture not only skilled engineers but also ethical leaders. Colleges, he remarked, should inspire students through mentorship, fostering hard work and determination.
Governor Thaawarchand Gehlot added that Karnataka is leading in education and is recognized as India’s IT hub and start-up capital.
In a touching moment, Radhakrishnan paid tribute to Shivakumara Mahaswamigalu, highlighting the legacy of service through food, education, and shelter established by Sree Siddaganga Math. He praised Dr. Shivakumara for translating spirituality into actionable community service, a tradition that continues to inspire many.
### Insights into Start-up Trends
Recent data shows that India has the third-largest start-up ecosystem in the world, with over 70 unicorns—companies valued over $1 billion—as of 2023. This growth is largely fueled by innovations in technology and services. The National Association of Software and Service Companies (NASSCOM) reported that India’s start-ups raised a record $39 billion in 2021 alone, a clear indication of their potential.
According to experts, the success of these start-ups is rooted in a young, tech-savvy population eager to solve problems. Indian youth are increasingly turning to entrepreneurship, driven by both necessity and opportunity. Platforms like LinkedIn and social media are playing a significant role in connecting aspiring entrepreneurs with mentors and resources.
By nurturing this talent and focusing on ethical values, India could further solidify its place on the global stage.
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