Union Commerce Minister Piyush Goyal’s critique of the Indian startup ecosystem has drawn flak from entrepreneurs on social media. At the recently-held Startup Maha Kumbh, the Minister asked Indian startups to shift their focus from food delivery apps to high-tech sectors like semiconductors and AI. “Healthy ice cream, zero, gluten-free, vegan; using these terms and good packaging, they call themselves a startup. This is not a startup, it’s an entrepreneurship. This is business,” he said. In response, Zepto CEO Aadit Palicha and former Infosys CFO Mohandas Pai defended Indian startups. Reacting to Goyal comparing home-grown companies to those in China,...