India, July 19 -- India's next phase of economic growth will increasingly be driven by entrepreneurs willing to take greater risks, leverage technology and expand beyond traditional geographical boundaries, Union Finance Minister Nirmala Sitharaman said, urging young entrepreneurs to overcome hesitation and contribute to the country's ambition of becoming a developed nation by 2047.

Addressing the Special Plenary Session of the Yi-Fi Entrepreneurship Summit 2026 in Madurai, Sitharaman said India is projected to contribute one-sixth of global growth in the coming years, but its entrepreneurial ecosystem has the potential to raise that contribution further.

"It need not just be one sixth. Why can't it be one fourth? It's not a question. W...