Mumbai, Sept. 20 -- Noting that technology is moving at a pace never seen before, Dr PK Mishra, Principal Secretary to the Prime Minister, said on Saturday that India has become a global innovation powerhouse with over 100 unicorns and almost two lakh start-ups, and the country is the third-largest start-up ecosystem in the world.

Addressing the annual convocation of the Indian Institute of Management Mumbai, PK Mishra referred to trade wars between large economies, geopolitical tensions, protectionist policies and reciprocal tariffs and said India is moving ahead with courage and confidence in the midst of all these complexities and challenges.

"Today, technology is moving at a pace never seen before. Smartphone revolution, big data an...