Startups can help rural economy go digital, says Piyush Goyal
Startups will help India’s transition from an assembly economy, particularly in the digital world, to a knowledge-based economy, says Piyush Goyal
Parul January 13, 2022
MORE IN News
India’s wearable device market grew over 2% in Q1 to 25.6 mn units: Report
Rise of lifestyle clubhouses elevates home buying: Real estate experts
India’s Digital Competition Bill marks paradigm shift to tackle big tech monopoly: ADIF
PLI scheme to drive 5G subscriptions base to 860 million in India by 2029: Report
India leads 29 nations on consumer sentiments amid resilient economy, job growth
Union Minister of Commerce and Industry, Piyush Goyal called upon startups to help micro-entrepreneurs in rural areas leverage technology to grow their businesses and encourage farmers, weavers and artisans to use digital platforms to sell their products.
“Startups will help India’s transition from an assembly economy, particularly in the digital world, to a knowledge-based economy,” Goyal said while virtually addressing the 16th India Digital Summit 2022.
“It has been six years since the Startup India Mission was launched. In these six years, we have already produced 82 Unicorns, the third largest in the world, while over 60,000 startups are registered with the DPIIT,” he added.
“With the growing recognition of our skilled people across the world, investors are queuing up from around the globe to come and participate in the revolution that we are witnessing in the startup ecosystem. From 2018-21, more than six lakh Jobs were created by our startups. In the last year alone, more than two lakh jobs were created,” Goyal said.
The minister on the occasion unveiled ‘LEAP’ — Leverage, Encourage, Access and Promote — as the way forward for startups
“There is always room for improvement and with ‘Sabka Prayas’, we can strengthen our startup ecosystem further,” he said.