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News on Medial
Indian Startups: India’s Opportunity to ‘Viksit Bharat’
OutlookIndia
·
6m ago
Medial
India is leveraging its human capital and entrepreneurial spirit to foster economic growth through startups. Over recent years, especially post-pandemic, innovation has propelled many sustainable ventures, with Indian startups raising over $12 billion in 2024. The nation now stands as the third-largest startup hub globally. Government initiatives like Startup India and reforms in compliance burdens play pivotal roles. Collaborations between private skilling platforms and tech giants underscore India’s push towards becoming a significant innovation hub.
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Startup Mahakumbh launches Rs 30 Cr Startup Maha Rathi challenge to empower Indian entrepreneurs
YourStory
·
5m ago
Medial
The Department for Promotion of Industry and Internal Trade (DPIIT), alongside various partners, has launched the Rs 30 crore Startup Maha Rathi challenge as part of Startup Mahakumbh. This initiative aims to empower Indian entrepreneurs by providing funding, mentorship, and strategic guidance across 11 key sectors to align with India’s long-term vision of Viksit Bharat 2047. Selected startups will gain exposure to global investors and markets, encouraging innovation and strengthening India's leadership in entrepreneurship.
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RBI Monetary Policy Meeting: Gov Malhotra maintains India’s GDP growth projection for 2025-26 at 6.5%
Business Today
·
2m ago
Medial
RBI Governor Sanjay Malhotra maintains India's GDP growth projection for 2025-26 at 6.5%. The economy shows resilience with strong agriculture, improving industrial activity, and healthy private consumption. While domestic activity is robust, geopolitical tensions and weather uncertainties pose risks. Urban and rural demand are improving, supported by trade agreements. Overall, India displays stability and opportunity in a shifting global economy, as it pursues its "Viksit Bharat" vision.
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India's Path To Prosperity
Business Today
·
5m ago
Medial
To achieve the vision of Viksit Bharat, India must implement bold reforms across various sectors. These reforms are crucial for the country's development and progress.
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Ensure no more WhatsApp messages on ‘Viksit Bharat’ are sent, ECI tell IT ministry
Economic Times
·
1y ago
Medial
The Election Commission of India (ECI) has directed the Ministry of Electronics and Information Technology to stop delivering messages related to the Viksit Bharat Model via WhatsApp during the ongoing model code of conduct (MCC) period ahead of the general elections. The ECI received complaints that such messages were still being delivered to citizens' phones. Users had previously received messages from a WhatsApp number registered to the IT ministry, seeking support for building a Viksit Bharat. The IT ministry stated that some messages may have been delivered after the MCC started due to network limitations.
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AICTE ties up with IG Drones to set up drone centres of excellence in 50 engineering colleges
Economic Times
·
3m ago
Medial
The All India Council for Technical Education (AICTE) has partnered with IG Drones to establish drone Centres of Excellence in 50 Indian engineering colleges. This initiative aims to provide cutting-edge training in drone technology, aligning with India's 'Viksit Bharat' and 'Aatmanirbhar Bharat' visions. These centres will equip over 10,000 students with industry-relevant skills, fostering innovation, entrepreneurship, and indigenous development in sectors like agriculture, defence, and urban planning, ultimately creating a skilled workforce in emerging technologies.
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Vejalpur Startup Festival 2.0: Union Minister Piyush Goyal lauds young entrepreneurs
YourStory
·
4m ago
Medial
The Vejalpur Startup Festival 2.0 in Gujarat, featuring over 1,000 startups, aimed to boost grassroots entrepreneurship. Union Minister Piyush Goyal and Chief Minister Bhupendra Patel praised the initiative, emphasizing local platforms' role in economic growth. Over 4,500 attendees engaged in live pitches, mentoring, and networking. The festival highlighted women entrepreneurs and aimed to strengthen Gujarat's startup ecosystem, aligning with the vision of a developed India, "Viksit Bharat."
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Razorpay, CRED, Swiggy among 30 startups in Startup Policy Forum
Entrackr
·
8m ago
Medial
India’s startup ecosystem has gained a unified platform with the launch of the Startup Policy Forum (SPF), an industry alliance designed to promote collaboration between policymakers and leading ventures. SPF brings together 30 of India’s leading startups across varied sectors, including Razorpay, CRED, Pine Labs, Groww, OYO, Swiggy, Practo, Dream11, MPL, Cars24, CarDekho, Acko, Ixigo, Livspace and Jupiter. "Our startups are driving transformative change by democratizing business and converting job seekers into job creators. We are glad to see many founders joining the Startup Policy Forum (SPF), which should reinforce India’s global leadership in the new-age economy. The forum should play a pivotal role in India’s journey to become Viksit Bharat by 2047 under the visionary leadership of Prime Minister Shri Narendra Modi," said Piyush Goyal, Minister of Commerce and Industry. Founded by former Peak XV executive and public policy expert Shweta Rajpal Kohli, the Forum will do initiatives to promote India’s startup ecosystem on a global stage. The Forum will limit its members to 100 select startups in its initial phase. Over 30 rapidly growing startups have already signed up as members. These include companies like Razorpay, CRED, Pine Labs, Groww, Acko, OYO, Swiggy, Practo, Dream11 and MPL, Cars24 and Cardekho, CureFoods, Livspace, Ixigo, Ultrahuman, Digantara, Invideo, Jupiter, OneCard, Mobikwik, Yubi, platform Progcap, Bluestone among others. The Forum aims to foster constructive collaboration between founders, policymakers, and regulators. SPF will use the government’s initiatives to position Indian startups on a global platform. SPF has also established four specialized councils: the Fintech Policy Council (FPC), Consumer and Commerce Council (CACC), Emerging Tech & AI Council (ETAC), and New-Age Public Companies Council (NPCC). These councils will focus on critical areas within the startup ecosystem, collaborating closely with relevant regulators and stakeholders to address unique challenges and opportunities in each sector.
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Quality push: States to get sops for data system reboot
Economic Times
·
1m ago
Medial
The Indian government plans to collaborate with states to enhance their statistical systems through an incentive-based scheme. This initiative, part of the Viksit Bharat@2047 project, aims to improve data quality and support evidence-based decision-making by using AI and machine learning in data collection. The scheme will set a common standard for data collection, helping states attract investments. The Centre will provide technical assistance and may offer a one-time allocation to facilitate this upgrade.
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Most rich customers in India don't know finance basics: Kunal Shah
Inshorts
·
8m ago
Medial
CRED Founder Kunal Shah said most affluent customers in India "don't understand financial literacy to the basic points". If the issues aren't addressed on time, it will restrict innovation and credit growth of India's fintech ecosystem, he stated. "A Viksit Bharat without very powerful credit growth in the ecosystem is unimaginable," he added.
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NITI Aayog’s New Digital Venture To Aid Officials In Policymaking And Governance
Inc42
·
1y ago
Medial
The Indian government think tank, NITI Aayog, is launching a digital knowledge platform called NITI for States that aims to support the digital transformation of governance. The platform will provide government officials with practical knowledge and insights for decision-making, offering access to innovative practices adopted across different states and union territories. It will feature a repository of best practices, policy documents, datasets, and data profiles across various sectors, as well as integration with artificial intelligence. The platform will also include a voice-enabled Viksit Bharat Strategy Room for immersive data visualization.
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