In a fast-paced economy where entrepreneurship is often glamorized and unicorn status is considered the ultimate goal, Union Minister Piyush Goyal’s recent cautionary note to start-ups has sparked conversation across boardrooms, social media feeds, and co-working spaces alike. At a time when headlines celebrate billion-dollar valuations and multi-million funding rounds, Goyal’s reminder to prioritize sustainability over vanity metrics comes as both a wake-up call and a much-needed dose of realism. What Did Piyush Goyal Say? While addressing a forum of young entrepreneurs and start-up founders, the Commerce and Industry Minister highlighted the growing trend of start-ups focusing more on valuation than value creation. He advised founders to stay grounded, reminding them that real impact lies in solving problems, building sustainable models, and creating employment — not just in raising capital or reaching the next funding milestone. Why It Resonates 1. The Valuation Bubble India has witnessed a boom in the start-up ecosystem over the last decade, becoming the third-largest start-up hub in the world. However, this rapid rise has also led to the emergence of overvalued unicorns, many of which struggle to generate profits or even break even. Goyal’s words hit home because several start-ups that once shone brightly have now either shut down or drastically downsized. 2. Funding Winter & Layoffs In the past year, a noticeable funding winter has taken a toll on many start-ups. With VC purse strings tightening, companies have been forced to lay off thousands of employees, scale back operations, and rethink their business models. Goyal’s comment serves as a timely reminder that blind growth can be dangerous without a stable foundation. 3. Founders Facing Burnout The hustle culture in start-up circles often glorifies 20-hour workdays and constant “grind” mentality. However, a growing number of founders are speaking out about mental health challenges, anxiety, and burnout. Goyal’s emphasis on sustainable growth also indirectly supports a healthier entrepreneurial mindset — one that doesn’t chase

The harsh summer of 2024 is a stark reminder that there is an urgent need to conserve the elixir of life: water. So, what is causing the water crisis, and how does one mitigate its impact? Climate change, high contamination of water, over-exploitation of groundwater, deforestation, reduced rainfall, and increased agricultural demand are some of the main reasons for water shortage. However, while the water situation seems stark, there is a silver lining on the cloud as many water-saving ventures seek to make a difference. Bindu Gopal Rao highlights several of these impactful initiatives. Water Warriors Bala Vikasa, Telangana Bala Vikasa is an NGO pioneering community-driven sustainable development activities in seven states, impacting about eight million people. A significant initiative they have is to provide access to safe drinking water at an affordable price of Rs 3-5 per 20 litres to rural communities suffering from high fluoride content in the available groundwater. Most small and marginal farmers rely heavily on natural freshwater resources for irrigation. However, groundwater depletion and low rainfall in urban and suburban areas have led to severe water scarcity, pushing farmers into a vicious cycle of debt due to reduced crop quality and yield. “In response to the struggles of farmers in rural Telangana, Bala Vikasa, founded by André Gingras (90) and Bala T. Singareddy (83), launched a pioneering farm pond construction program in 2015. This initiative, supported by CSR partners, aims to help farmers conserve rainwater, meet their irrigation needs, and replenish groundwater,” says Shoury Reddy Singareddy, Executive Director, Bala Vikasa. The program began in Ontimamidipally village, Warangal District, in 2015. In 2019, Bala Vikasa extended support to farmers in the suburbs of Hyderabad, following requests from the farmers of Upplingapur village, Medchal. This expansion underscores the program’s success and vital role in promoting sustainable agricultural