India Added Nearly 40 Unicorns In Last 50 Weeks In Startup World: MeitY Secretary Ajay Sawhney

Indian has added nearly 40 unicorns in the last 50 weeks in the startup world, said Ajay Prakash Sawhney, secretary in the Union Ministry of Electronics and Information Technology (MeitY).

Speaking at the unveiling of book titled ‘Rewinding of First 25 years of Ministry of Electronics and Information Technology’, he said that today if we see Indians as CEOs of the world’s top most IT and Software corporates, the foundations were laid in these last 30 years.

He said that India has added nearly 40 unicorns in the last 50 weeks in the Startup world and this too is an outcome of those foundational years.

Sawhney further added, “Today, we take India’s huge presence in software for granted. In 1987, India’s CAGR in software exports was Rs 51 crores and today, it is 5 lakh crore. It represents CAGR of over 35 per cent year on year for more than 30 years. We have seen the 25 years of MeitY and I think it is important we set our eyes on the next 10-25 years and see where it takes us.”

The book- ‘Rewinding of First 25 years of Ministry of Electronics and Information Technology’, narrating the first 25 years of MeitY, is authored by S S Oberoi, the former adviser at the Ministry of Electronics and Information Technology (MeitY).