STARTUP-STORIES

Indian Startups Driving Economic Growth and Innovation, Says Zupee CEO at IIGF 2024

SUMMARY

➡ Startups Driving Economic Growth: At IIGF 2024, Zupee CEO Dilsher Malhi highlighted India's startups as pivotal in redefining industries like education, healthcare, and entertainment, leveraging initiatives like UPI, Aadhaar, and Bharat 6G Vision to position the country for exponential economic growth.

➡ Innovative Applications of Gaming Tech: Malhi emphasized gaming technology's broader impact, including virtual surgery training, emissions reduction through AR/VR in the oil and gas sector, and cybersecurity enhancements, while also spotlighting Indian startups disrupting traditional e-commerce with instant delivery models.

At the India Internet Governance Forum (IIGF) 2024, Dilsher Malhi, CEO and founder of online gaming platform Zupee, highlighted how Indian startups are revolutionizing industries and positioning the nation for exponential economic growth. Malhi emphasized startups' role in redefining sectors like education, healthcare, travel, and entertainment, enhancing societal experiences.

India's Startup Ecosystem: A Catalyst for Growth

Malhi credited India's status as the world's third-largest startup ecosystem to robust digital infrastructure, including UPI, Aadhaar, and widespread mobile phone penetration. He praised initiatives like Bharat 6G Vision, the Semiconductor Mission, and the AI Mission for empowering startups to drive economic progress.

From 'Painkillers' to 'Vitamins' in Innovation

Discussing the evolution of startups, Malhi explained how companies are transitioning from solving immediate problems ("painkillers") to creating experiences that enhance overall well-being ("vitamins"). He proposed a shift from GDP-centric growth to a focus on GWQ—Gross Wellness Quotient.

Gaming Tech’s Expanding Horizons

Malhi spotlighted gaming technology's transformative applications in sectors like education and cybersecurity. Citing UK research, he described how advanced game engines are training surgeons virtually and how AR/VR technologies are reducing emissions in the oil and gas sector by minimizing travel needs.

Indian Startups Disrupting Traditional E-commerce

Malhi also emphasized the innovative disruptions Indian startups are creating in e-commerce through instant delivery models, outpacing traditional global players.

The IIGF 2024, organized by MeitY and NIXI, runs from December 9-10, 2024, showcasing India’s tech-driven innovations and the transformative potential of its startups.