ET Startup Awards 2025: The less the regulation, the more successful the industry: Union minister Piyush Goyal

Piyush Goyal, the union commerce and industry minister, said that startups grow faster with fewer regulatory barriers, and pointed to the software industry as an example where limited government intervention led to growth. “The less the regulation on the industry, the more successful it will be,” he said.

During a fireside chat at the ET Startup Awards 2025, Goyal added that India must find new ways to strengthen her startup ecosystem, suggesting that capital from insurance companies or provident funds could be used to support emerging ventures…