Prime Minister Narendra Modi Says Entrepreneurs Need the 3Cs for Success Narendra Modi said that India's youth are the job creators of today

By Sanchita Dash

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

The Indian government has been bullish about the boost of entrepreneurial ecosystem in India. Ever since he took the seat of power, Prime Minister Narendra Modi has nudged the country to move towards digitization. From demonetization to GST and even the Startup India plan all have led to even those who were restricted to age old methods of business transactions, shift to cashless digital enabled payments.

To further accelerate growth in the entrepreneurial community and showcase the work done so far, Modi held an interaction with start-up enablers and founders in the country through the NaMo app.

Entrepreneur India takes a look at the top takeaways from Prime Minister Narendra Modi's interaction with the Indian startup ecosystem.

The 3Cs of Success

India has seen numerous success stories from its start-up ecosystem but at the same time, there have also been tales of failure. Sharing an advice for entrepreneurs, Modi said that all innovators need the 3Cs to be successful – Capital, courage and connection with mentors. He added, "There was a time when startups meant only digital and tech innovation. Things are changing now. We are seeing startup entrepreneurs in different fields."

Keep Innovating

Stressing on the importance of innovation, during the interaction, Narendra Modi urged Indians to keep innovating. Modi said that if we don't innovate, we will stagnate.

"Our startups are growth engines. Today's big companies were startups at some point. I urge the people of India to keep innovating," he added.

Job creators

Unemployment has been a huge issue for the Indian economy for a long time but with start-ups growing at a fast rate, entrepreneurs are also enabling the economy by making way for more and more jobs. Slowly there has been a change in the trends as well, fresh graduates instead of opting for multinational companies or big corporations are looking at joining start-ups for experience and better growth.

Praising young entrepreneurs and their out of the box thinking, Prime Minister Narendra Modi reiterated the same by saying that India's youth are job creators today. During the talk, Modi also interacted with young entrepreneurs from across the country.

Modi pointed out that India's smaller cities are no longer shy of technology and there has been a growth in the number of entrepreneurs from there as well. "The nature of the start-up world in India has changed rapidly. Start-ups are no longer only about the technological sector. Youngsters are working in a wide range of other areas. We are also witnessing great entrepreneurial energy in small towns and villages!," he said.

Talking about how entrepreneurs are also innovating in the field of agriculture, he also added, "Youngsters are talking about the idea of a Smart Anna Bhandar, which will help farmers."

Sanchita Dash

Entrepreneur Staff

Former Senior Correspondent, Entrepreneur India

In the business of news for 5 years now. Making my way across India thanks to my career. A media graduate from Symbiosis, Pune, I have earlier worked with Deccan Chronicle (South India's leading English daily), T-Hub (India's largest incubator) and Anthill Ventures (a speed-scaling platform). 

Stories, movies and PJs are my thing. 

If you hear 'The Office' opening score randomly, don't worry it's just my phone ringing. 

 

Related Topics

Business News

Here's How Much Amazon's Typical Customer Makes, Plus How Much They Spend on the Platform Per Year

A retail snapshot from data company Numerator paints a picture of who shops at Amazon and where they usually spend their money.

Growing a Business

The Truth About Achieving Exponential Growth in Business, Exposed

What's preventing your business from scaling exponentially? Learn about the factors, and see how you can achieve your desired results.

Business News

The Infamous Diner Booth from 'The Sopranos' Finale Is Up for Auction — And Some Fans Are Livid: 'Let Future Generations Enjoy'

The booth is still in the restaurant and ice cream shop in New Jersey where the finale was filmed.

Diversity

How Black Entrepreneurs Are Challenging Industry Norms and Finding Powerful Paths to Success

In celebration of Black History Month, Entrepreneur contributor Terry Rice hosted a compelling Twitter Spaces conversation featuring Pariss Chandler, Kashmir Thompson and Chrishon Lampley that offered powerful insights for aspiring business leaders.

Business Plans

Outsource or DIY? 6 Signs It's Time for Virtual Assistance for Your Business

When you start feeling overwhelmed and can't focus on strategic work, it's time to outsource non-core tasks to virtual assistants.