Mindless reels, quick money via gambling, no innovation? Piyush Goyal lists 5 reasons why India’s startups are losing their way

At the Startup Mahakumbh, Commerce Minister Piyush Goyal voiced concern over the direction of India’s startup ecosystem, contrasting it with China’s focus on deep-tech innovation. He called on entrepreneurs to pursue globally relevant ventures and move beyond instant delivery services. His sharp remarks, however, drew criticism from startup leaders including Zepto’s Aadit Palicha and former Infosys director Mohandas Pai, who questioned the government's support for deep-tech growth and urged collaboration instead of criticism.