Innovation, Startups, MSMEs and Quality Manufacturing are Pillars of India's Future Growth: Shri Piyush Goyal at 22nd J.R.D. Tata Memorial Lecture

Union Minister Shri Piyush Goyal, delivering the 22nd J.R.D. Tata Memorial Lecture, said India’s future growth hinges on innovation, deep‑tech startups, MSMEs and quality manufacturing. He announced a ₹1 lakh crore Research, Development and Innovation Fund for long‑term, low‑cost risk capital, highlighted the India‑AI Mission’s deployment of about 38,000 GPUs, and noted the launch of a second Semiconductor Mission with an allocation of roughly US$12‑13 billion. The Minister cited India’s 7.7‑7.8 % economic growth, 15 % rise in merchandise exports, and the country’s nine FTAs covering economies worth about US$60 trillion, stressing the need for industry‑led skill development and global market expansion.