India emerged as second biggest startup hub in world, says PM Modi

Prime Minister Narendra Modi on Tuesday said that India has emerged as the second biggest startup hub in the world, and this has been achieved majorly with the help of students from the Indian Institutes of Technology (IITs).
Addressing the 54th convocation ceremony of IIT Kanpur, the Prime Minister said, "In this 75th year of independence, we have over 75 unicorns, over 50,000 start-ups. Of these, 10,000 have come only in the last 6 months. India has emerged to be the second biggest startup hub in the world, and this feat has been achieved majorly with the help of students from IITs." PM Modi said IIT Kanpur's contribution in developing 5G technology has been recognized globally.