Standard libraries - types, in particular - are the lingua franca between unrelated libraries. The more that's in your standard library, the easier it is to integrate different libraries.
The higher level the library (e.g. containing content specific to an application domain), the more magical-seeming libraries can be added to the ecosystem. The counter-risk is the standard library growing in undesirable directions that you can never change because you can't remove stuff.
The interstitial glue that lets third party libraries integrate with one another and be usable by your app: that's the single biggest reason for having a bigger standard library than a smaller one. It has very little to do with including the batteries in the box.
If you think it has something to do with including the batteries in the box, you'll be lured into the trap of making it easy to fetch the batteries from across the internet (that's almost the same, right?). The trouble is, the internet has 100 different batteries to choose from, and not only have you offloaded the choice onto the user, but the batteries use mutually incompatible terminals and you have to jerry-rig interfaces between them. Let a thousand flowers bloom, say some people: trouble is, waiting for the biggest flower can take years, and people pick different ones in the early days. A bad choice is better than indecision.
Low effort updates are even less what large standard libraries are about. Large standard libraries are much harder to update, not easier: there's much more surface area, so it's far easier to break an application - and since every application uses the standard library, you could potentially break them all. Easier versioning and updates are a strong argument for extracting out things into third-party libraries.