Goyal Criticizes Indian Start-ups
This is a India news story, published by BBC, that relates primarily to Piyush Goyal news.
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Commerce Minister Piyush GoyalBBC
•Technology
Technology
Piyush Goyal: Commerce minister’s dig at Indian start-ups sparks debate
87% Informative
Commerce Minister Piyush Goyal 's recent comments about India 's start-up ecosystem have sparked a massive debate on social media.
At Startup Mahakumbh , Goyal seemed to take a hard look at India 's consumer start-ups.
He compared them with innovations being made by the "other side", which many took to mean China .
Goyal also urged Indian investors to do more to support Indian creators.
In 2024 , China slashed $ 361bn in taxes and fees for high-tech firms, including $ 80.7bn in research and development deductions.
India currently has 4,000 deep-tech start-ups and this number is expected to jump to 10,000 by 2030 .
Nasscom report said that India 's deep tech-start-ups attracted $ 1.6bn in funding in 2024 .
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