Finshots Daily China did it. Can India?
16 snips
Apr 7, 2025 The discussion highlights India's push towards deep tech innovation, with Commerce Minister Piyush Goyal urging startups to diversify beyond food delivery. It delves into the challenges faced by India's startup ecosystem compared to China's robust deep tech landscape. The conversation offers insights into how Indian entrepreneurs can navigate these hurdles to foster technological advancements.
AI Snips
Chapters
Transcript
Episode notes
India vs. China Startup Focus
- India's Commerce Minister, Piyush Goyal, believes Indian startups focus too much on consumer tech.
- He wants them to prioritize deep tech like China.
China's Deep Tech Advancements
- Chinese startups like DeepSeek rival ChatGPT, while others excel in facial recognition and surveillance.
- Despite US sanctions, China continues developing semiconductors and AI chips.
China's Gov't-Led Ecosystem
- China achieved deep tech success with government support, not overnight efforts.
- Government funding, tech parks, and acting as first customers fueled growth.