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Yes, it does seem that many startups in India are leaning towards SaaS and software-driven solutions because of the relatively low capital requirements and faster scaling potential. However, there is definitely room for hardware innovation. India is becoming more focused on building local manufacturing capabilities, particularly with initiatives like 'Make in India,' which encourages hardware manufacturing, electronics, and IoT solutions. The rise of industries like electric vehicles (EVs), clean energy tech, and space tech (ISRO's increasing commercial focus) also opens up opportunities for hardware innovation. While software may continue to dominate in sheer volume, the hardware sector is gaining momentum, especially as India moves towards self-reliance and high-tech manufacturing.