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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.

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