Why Piyush Goyal's cautionary note on start-ups strikes many an echo

Commerce Minister Piyush Goyal's comments on the start-up ecosystems in India and China and how Indian companies focus on sectors like online deliveries and betting apps while businesses in China address electric mobility and artificial intelligence (AI) have helped turn the light on a crucial issue that has seldom been debated: how India's start-up ecosystem is the third largest in the world after the United States and China but is marked by fundamental differences. Speaking at a start-up event earlier this week, Goyal showed a slide comparing start-ups in India and China, and said that Indian startups are busy making…