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Bloomberg Quint

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Image Credit: Bloomberg Quint

Food Delivery, Quick Commerce Turning Unemployed Youth Into Cheap Labour: Piyush Goyal

  • Commerce and Industry Minister Piyush Goyal criticized food delivery and quick commerce platforms, referring to them as turning unemployed youth into cheap labor for the convenience of the rich.
  • Goyal highlighted China's focus on long-term businesses such as battery and electric mobility, questioning India's concentration on hyper-fast logistics.
  • The minister expressed his cynicism towards dessert brands using healthy prefixes as gimmicks and emphasized the need for Indian founders to be more bold and innovative.
  • Goyal urged foreign investors to allow Indian founders to have respectable ownership rather than buying off all equity, which leads to all ownership outside of Indian shores.

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