‘Entrepreneurship will play a crucial role in propelling India to the top’—25 quotes on India business shifts

Launched in 2014, StoryBites is a weekly feature from YourStory featuring notable quotes from our articles from the past week (see previous editions here). Share these 25 gems and insights from the week of January 9-15 with your colleagues and networks, and return to the original articles for more insights. Check out our special compilation of quotes related to India’s pandemic response here.

See also our selection Best quotes of 2022 on entrepreneurship, motivation, investment, women changemakers, social entrepreneurs, environmental change, pandemic resilience, digital transformation, opportunities in India, design, art, lessons from failure and storytelling.

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There is fire in the belly of every Indian. – Commerce Minister Piyush Goyal

Even if you have to go abroad, come back as soon as possible. – Adar Poonawalla, Serum Institute of India

India’s labor market posted favorable hiring activity in 2022 with a 20% increase in new job creation compared to the full-year base of 2021. – Naukri JobSpeak Report

I see that there may be a time when India would become the number one (car) market in the world. – Toshihiro Suzuki, Suzuki Motor Corporation

The cold chain market is growing rapidly globally and especially in India, fueled by unprecedented demand for last mile food delivery. – Niranjana Neelakantan, Tessol

The children’s furniture market is an empty place without a clear leader, as it is a highly disorganized segment, lacking quality and designer products specifically made for children. – Vinay Bansal, Inflection Point Ventures


Each [Nagaland] the household has weavers and they learn the skills from their mothers and elders. – Atshole Thopi, Chizami Weaves

India’s real estate market is set to reach $650 billion by 2025 and a $1 trillion sector by 2030. – Jayesh Rajpurohit, Brick&Bolt

[T]The entertainment and gaming industry has the potential to create standalone, financially viable, homegrown gaming brands from India. – Shreyans Gangwal, Fireside Ventures

India’s largest businesses and agencies are playing a key role in the country’s expanding digital economy, building innovative business models that inspire marketers around the world. – Arun Srinivas, Meta India

To achieve the Sustainable Development Goals by 2030, it is imperative that our country has reliable geospatial information for effective policy development, programming and project operation. – Union Minister Jitendra Singh

The Constitution of India emphasizes equal rights for both women and men, but there are so many layers that need to be peeled back to understand the disadvantages. – Rachna Kanwar, Radio City


Children and adolescents, who are the main digital citizens, should receive special protection, as they may be less aware of the risks, consequences and their rights regarding the processing of personal data. – Nishant Chandra, Newton School

The need for assisted living, rehabilitation and palliative care solutions in India is undeniable. – Srinivasan G, Athulya Senior Care

We need to make health products first for women and India has ignored this for too long. – Kiran Mazumdar-Shaw, Biocon

Today, small and medium-sized financial advisors/micro-entrepreneurs cannot work directly with financial institutions. – Jaideep Hansraj, Kotak Securities

Strengthening our SME sector is important for the country to become self-sufficient and boost economic growth. – PM Modi

The engine of our country is India’s poorest person… in times to come India would lead in economic growth and it would be because of street vendors, women, cattle rearers. – Om Birla, Lok Sabha

While maintaining close relations with developed countries, India wants to promote the perspective of the Global South – our fellow travelers on the development path for decades. – FM N. Sitharaman

We, the Global South, have the biggest stakes in the future…Most of the global challenges were not created by the Global South, but affect us more. – PM Modi


2021 has been a great year just from the perspective of the amount of capital that has flowed into the Indian ecosystem. But this has seen an 80 percent year-on-year decline, which is extremely sudden and significant. – Abhiroop Medhekar, Velocity

Volatility in the markets has an impact on the next round of funding opportunities and investor sentiment, but in India, customer buying intent is not affected in any way and the business remains isolated. – Sanjay Mehta, 100X.VC

Entrepreneurship will play a key role in taking India to the top of the global economic rankings by 2047. Innovation and technology will be essential to achieve this goal. – BV Jagadeesh, Kaaj Ventures

YourStory has also released a wallet “Proverbs and Quotes for Entrepreneurs: A World of Startup Inspiration” as a creative and motivational guide for innovators (downloadable as an app here: Apple, Android).

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