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Detailed explanation-1: -PIB pic. Prime Minister Narendra Modi on Saturday had announced that January 16 will be celebrated as National Startup Day to help percolate startup culture to the grassroot level. PM Modi said India has over 60,000 startups with 42 unicorns.

Detailed explanation-2: -In 2022, Prime Minister Narendra Modi announced January 16 as the National Startup Day, to celebrate the spirit of the Indian startup ecosystem. The importance of January 16 is that it was the founding day of the Startup India initiative.

Detailed explanation-3: -Prime Minister Narendra Modi had in 2022 announced January 16 as the National Startup Day in order to promote entrepreneurship and promote businesses. The PM had called start-ups the backbone of the ‘new India’.

Detailed explanation-4: -On 16th January of the following year, the date which has now been declared as the National Startup Day, a program was initiated to lay out an action plan to build a strong ecosystem for nurturing innovation and startups in the country.

Detailed explanation-5: -Historical Events On This Day In 1761, the British East India Company captured the city of Pondicherry from the French. In 1757, the Maratha Empire forces defeated the invading army of the Durrani Empire in the Battle of Narela.