Celebrated on August 21 every year, World Entrepreneurs' Day recognizes innovation and global advancement of entrepreneurship and leadership. It is well established that high-potential entrepreneurship that drives jobs at scale is born out of a culture of innovation and risk-taking. Entrepreneurship also breeds job creators as against job seekers, a crucial and fundamental aspect of India's economic growth.
Commenting on World Entrepreneurs' Day, Ajay Kela, President and CEO, Wadhwani Foundation, said, "Entrepreneurs are like Olympians; they go through a harrowing journey, bringing glory to their teams and country by creating wealth and jobs.
On this World Entrepreneurs' Day, we salute the entrepreneurs of the world. With digitization and globalization, entrepreneurial ecosystems are rapidly evolving. In less than a decade, India has become the leading nation for startups and entrepreneurs, having crossed the mark of 100 unicorns, with 100 more expected in the next three years.
Total established and recognized startups in India stand at ~73K today. Besides India, Brazil, Mexico, Singapore, Indonesia, and others are creating thriving startup ecosystems. We are living in unprecedented times for startups. Let the force be with them to produce the jobs the world needs for its growing youth population."
The Indian startup ecosystem skyrocketed in 2021 to become the third largest globally, with a 3x increase in total funding over 2020.