Goyal Praises Startups, Says Nations Seek to Adopt India’s Growth Model

Union Minister of Commerce and Industry Piyush Goyal on Saturday stated that several nations are looking to adopt India’s development model, which has successfully promoted innovation through initiatives like Startup India.

Speaking at the valedictory function of Vejalpur Startup Festival 2.0, Goyal emphasized India’s ambitious goal of increasing the number of unicorns from the current 118 to 1,000 and eventually 5,000.

He highlighted how India’s startup ecosystem has transformed job seekers into job creators, driving economic growth and innovation. Goyal also reiterated the government’s commitment to supporting startups and fostering entrepreneurship as a key pillar of India’s development.