Rajnath Singh at IIT Mandi's 16th Foundation Day: India's tech sector to reach $300-350 billion in five years
Defence Minister Rajnath Singh addressed the 16th Foundation Day of IIT Mandi, Himachal Pradesh, on 24 February 2025, saying India's technology sector is expected to reach $300-350 billion in the next five years.
Summary
Addressing the 16th Foundation Day of the Indian Institute of Technology (IIT) Mandi, Himachal Pradesh, on 24 February 2025, Raksha Mantri Rajnath Singh said India's technology sector is expected to reach $300-350 billion in the next five years, and that with more than 1.25 lakh start-ups and 110 unicorns India is emerging as the world's third-largest start-up ecosystem. He urged students to become 'disruptors who lead innovation' and asked IIT Mandi to play a larger role in defence research.
Key facts
- Date
- 24 February 2025
- Event
- 16th Foundation Day, IIT Mandi, Himachal Pradesh
- Tech sector outlook
- $300-350 billion in five years
- Start-up ecosystem
- 1.25 lakh+ start-ups, 110 unicorns; third largest
Practice MCQs 1 questions
At IIT Mandi's 16th Foundation Day in February 2025, Rajnath Singh said India has more than 1.25 lakh start-ups and how many unicorns?
Show answer
Correct answer: A — 110
Rajnath Singh said that with more than 1.25 lakh start-ups and 110 unicorns, India is emerging as the third-largest start-up ecosystem.