🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Czone wave

Hey I am on Medial • 2m

Piyush Goyal’s Vision: Startups Are the Backbone of New India "Startups are the backbone of New India. They are the key to unlocking our nation's potential." – Piyush Goyal, Minister of Commerce & Industry India’s startup ecosystem has seen an explosive rise in recent years, with innovation becoming a national movement. Piyush Goyal’s quote underscores the strategic importance of startups—not just as business entities, but as nation builders that bring solutions, jobs, and global recognition. --- Why Startups Truly Are the Backbone 1. Job Creation at Scale Startups have emerged as massive employment generators. As of 2024, India has over 100,000 recognized startups creating millions of direct and indirect jobs, especially for youth in Tier 2 and Tier 3 cities.

1 replies14 likes
Replies (1)

Czone wave

Hey I am on Medial • 2m

2. Driving Innovation Whether it’s fintech, healthtech, agritech, or edtech, Indian startups are solving real-world problems using cutting-edge technology. They’re driving change in areas the traditional economy couldn't reach effectively. 3. Boosting Global Image Unicorns like BYJU’S, Zerodha, and Ola have showcased Indian innovation on the world stage. The world now sees India not just as an outsourcing hub, but as a creative powerhouse. 4. Digital & Financial Inclusion With government initiatives like Digital India and Startup India, startups are bridging the digital divide, making banking, healthcare, and education accessible even in rural regions. 5. Encouraging Entrepreneurial Spirit Piyush Goyal’s continued support shows how India’s leadership is nurturing a pro-entrepreneurship mindset, giving wings to millions of dreamers who want to build something meaningful.

0 replies

More like this

Recommendations from Medial

Uttkarsh Singh

Learning • 10m

Tier 2 and tier 3 cities in India are becoming significant hubs for startups, approximately 45% of the country's recognized startups ~ DPIIT

0 replies7 likes
Image Description
Image Description

mg

News & updates • 22d

Just 1% of Indians are paying 80% of the Nation's income tax

2 replies7 likes

Jeet Sarkar

Technology, Developm... • 1y

The Indian government has recently shared statistics that reveal that one startup is launched every 15 minutes in the country. Of these, 52% of the startups are launched exclusively in tier-2 and tier-3 cities. The government further said that star

See More
0 replies8 likes
Image Description
Image Description

Sidharth Bidikar

Keep Moving • 1y

As living expenses in Tier 1 cities soar, companies will eventually shift to Tier 2 cities, enabling them to hire talent with lower investment. #Business #Talent #CostEfficiency #startups #india

4 replies10 likes

Vikas Acharya

 • 

Welbe • 14d

the Startup India initiative has propelled the nation to a remarkable milestone: over 1.75 lakh startups recognized by DPIIT. This achievement underscores India's transformation into a global innovation hub, with a significant surge in startups eme

See More
0 replies
Image Description
Image Description

Mahendra Lochhab

Content creator • 5m

National Startup Day was started by PM Narendra Modi on 16 January 2016. Till 2015, there were 450 startups in the country, whose number has increased to 1.57 lakh today. Currently there are 118 unicorn startups in the country. Startups have provide

See More
15 replies15 likes
1
Image Description

Adithya Pappala

Zero Fund-VC|Investi... • 5m

Global Talent, US Innovation!! 55% of US Billion Dollar Startups have an Immigrant Founder & It's no secret that immigrant founders are the backbone of the U.S Startup Ecosystem. What's your POV on this? Healthy or Unhealthy??

1 replies1 like
1

Swarnadeep Sarkar

Jack of all trades, ... • 2m

Bold claims always split the room half. Piyush Goyal’s “India vs. China” startup jab at Startup Maha Kumbh? Same deal. But hear me out, I’m sorta with him on this one. Maybe because it’s coming from the ministry, or because the deep-tech gap he’s po

See More
0 replies4 likes

Download the medial app to read full posts, comements and news.