India’s Finance Minister Nirmala Sitharaman has said higher education in their country has contributed to the best of company executives globally.
She mentioned, “Around 25 per cent of all start-ups in Silicon Valley are managed by people of Indian origin."
The Indian minister came up with the statement while addressing the tenth convocation of the Indian Institute of Information Technology Design and Manufacturing, Kancheepuram (IIITDM Kancheepuram) on Saturday, according to livemint.com.
"I want to underline the fact it is this India's higher education which has contributed to the best of company executives. Globally, 58 top-notch company CEOs are Indian in origin and India-education and they are in 11 such multinational companies, whose collective revenue is over 1 trillion and 4 trillion in turnover," a statement quoted Sitharaman as saying.
Further, speaking about India's startup success, she encouraged the students to become entrepreneurs.
India now has 100 unicorns and their market value is USD 250 billion they have collectively raised USD 63 billion from the market, the minister said.
"Even as some of you would want to seek jobs, I am those of you who want to become entrepreneurs and create jobs for others, it is not a worrisome world. There may be health risks but it is possible for you all to become entrepreneurs," read the statement quoting the minister.
“By giving all young persons equal opportunity, irrespective of gender and class, the entire 65 per cent of the young working population would be able to contribute to India’s growth. India’s working age population is much more than China’s,” she said.
She said, “This underscores the importance of training, skilling, and keeping that momentum."