Goyal's Startup Critique Sparks Industry Debate

Union Commerce Minister Piyush Goyal's recent remarks at Startup Mahakumbh 2025 have sparked a heated debate in the Indian startup ecosystem. Initially, Goyal criticized the focus on consumer-driven startups like food delivery and luxury brands, urging a shift towards deep-tech innovation similar to China’s focus on AI, semiconductors, and robotics. However, he later praised the startups for their innovation and contribution to the economy, noting their role in job creation and economic growth. The startup community, including Zepto CEO Aadit Palicha, defended their impact, highlighting job creation, tax contributions, and foreign direct investment. Critics argue that Goyal’s comments overlook the significant economic contributions and potential of consumer internet companies. The discourse has highlighted a need for more government support in fostering innovation while recognizing the achievements of existing startups.