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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.
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
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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
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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
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