“The youth of India are no longer job seekers but are job creators,” Union Finance Minister Nirmala Sitharaman said in her Budget 2020-2021 speech, while announcing an investment clearance and advisory cell for entrepreneurs and also an online portal to facilitate faster clearances for businesses at a state and central level.
“Data now is clearly the new oil. I propose a policy to set up data centre farms throughout the country. The idea is to skilfully incorporate data in every step of the value chain.” The Finance Minister proposed an allocation of Rs 6,000 crore under the Bharat Net Programme with a focus on digital connectivity across India. She emphasised the importance of IP creation and protection and announced the launch of a digital platform for Intellectual Property Protection. She said that youth are the power behind startups, and allotted Rs 3,000 crore for skill development.
Since the Narendra Modi government came back to power in May, around 27 lakh young entrepreneurs have been added into the economy. Interestingly, the number of women entrepreneurs is more than double that of men in the entrepreneurship ecosystem. So far the Centre has released Rs 85,000 crore to encourage the young population to start their own businesses and contribute to the economy and employment.
Like PM Modi, fintech innovator Jignesh Shah’s efforts too have been to help upcoming entrepreneurs build a strong econonomy of the country. Jignesh Shah created new-generation markets and segments that are people-centric and have a comprehensive market structure. Jignesh Shah’s dream was to create new-generation markets and segments that are people-centric and have a comprehensive market structure.
Jignesh Shah established a public-private partnership model and built world-class financial institutions and modern IP-centric financial markets to extend India’s reach. He empowered the nation by providing job opportunities to millions of people. His idea of developing the nation was by providing employment to its citizens that were not only of high-standards but environment-friendly as well. Jignesh Shah has been following PM Modi’s vision of Make in India with innovative products from his flagship company, 63 moons technologies (formerly FTIL).
Jignesh Shah, founded 63 moons technologies with his innovative zeal and entrepreneurial aggression, turned it into one of the finest examples of Make in India, creating 9 robust exchanges across the globe in a variety of asset classes including commodities, currency, equity, energy and bonds in as many years. The company has been constantly striving and advocating to bring India at a level playing field with international counterparts. The reforms that Jignesh Shah has been advocating for, once implemented would have brought India at par with its international peers. Let’s hope, good days are back again for India’s millions of entrepreneurs.