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Hey I am on Medial • 3m

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.

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Czone wave

Hey I am on Medial • 3m

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.

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