“Food, grocery apps… Is this India’s global vision?” Piyush Goyal’s bold reality check for Indian startups

Commerce Minister Piyush Goyal on Thursday shared a striking contrast between the innovation trajectories of Indian and Chinese startups, highlighting the contrasting approaches two Asian giants are taking. The difference triggered a sense of concern for the minister at the Startup Mahakumbh event.

Sharing a slide titled ‘India vs. China: The Startup Reality Check,’ during his address, Goyal highlighted that while Indian startups are playing a pivotal role in the digital economy with business ideas around food delivery, instant grocery delivery, and influencer-driven social media platforms, Chinese startups are making strides in global fields such as electric vehicle (EV) technology, semiconductor development, robotics, automation, and more.