Brief by Shorts91 Newsdesk / 05:51am on 09 Apr 2025,Wednesday India
India's Commerce Minister Piyush Goyal has sparked a heated debate after suggesting Indian start-ups focus too much on lifestyle products like ice creams instead of tech innovations like AI chips. Speaking at Startup Mahakumbh, he contrasted India’s consumer apps with China’s deep-tech strides. While some entrepreneurs criticized his remarks as dismissive, others saw it as a call for bolder innovation. Investors like Mohandas Pai highlighted the lack of long-term funding for deep tech. A Nasscom report noted deep-tech start-ups in India raised $1.6bn in 2024, but more support is needed to compete globally in AI, semiconductors, and clean energy. (PC: Getty Images)
