Game-Changer for India’s Deep Tech Sector: Piyush Goyal Calls Out Startup Challenges in Eye-Opening Statement

India’s Startup Shift: A Wake-Up Call for Deep Tech

Piyush Goyal, India’s Union Minister for Commerce and Industry, recently sparked a conversation about the future of startups in India. He pointed out that many of these startups focus on food delivery and betting apps instead of deep tech innovations. He called his earlier criticisms a necessary “wake-up call” for India’s tech scene.

During his talk at TiEcon Delhi-NCR 2025, Goyal referred to his remarks made at Startup Mahakumbh in April. He emphasized that while other countries are advancing in fields like machine learning and robotics, India needs to step up its game in deep tech. Some entrepreneurs found his comments harsh and dismissive. However, Goyal was encouraged by young innovators who agreed that India should aim higher and look beyond convenience-focused products.

He praised TiEcon for inspiring young minds to embrace deep tech. This is crucial, Goyal believes, for building a robust future for India’s technology landscape.

Since 2014, India has made significant strides in digital transformation. Goyal highlighted that internet users have skyrocketed from 250 million to one billion in just a decade. India has also ascended to the position of the world’s third-largest economy, surpassing Germany.

Looking ahead, Goyal sees deep tech as encompassing a wide array of technologies, from artificial intelligence to aerospace innovations. The government is working closely with private investors to support this vision. In fact, data from the NASSCOM report shows that investment in Indian tech startups reached $42 billion in 2021, highlighting the sector’s rapid growth.

Goyal’s message resonates with many young entrepreneurs and reflects a broader trend. There’s a growing movement in India toward fostering innovation—not just in tech, but across various domains. This shift could redefine the country’s economic landscape, making it a more competitive player in the global market.

As the conversation grows, it’s clear that India stands at a crossroads. Whether startups pivot toward innovative technologies will determine the future trajectory of the nation’s tech ecosystem. Embracing deep tech could not only elevate India’s position in the global arena but also inspire a new wave of creativity and growth.

For further details on India’s technological advancements and support for startups, you can read more in the NASSCOM Tech Start-up Report.

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PIYUSH, INDIAN STARTUPS, TIECON DELHI NCR 2025, DEEP TECH INNOVATIONS, PIYUSH GOYAL, THE MINISTER SAID HE LATER MET SEVERAL YOUNG ENTREPRENEURS WHO AGREED WITH HIS VIEW