According to sources India has been ranked third globally as the most promising market for tech breakthroughs. Meanwhile as per KPMG’s 2018 Global Technology Innovation Report, the US is at the top with more than one-third (34%) of those surveyed named it the most promising, followed by China (26%). Accordingly 13% of those surveyed voted for India followed by UK and Japan.
Presently as per latest report India maintains a strong showing this year indicating its potential for tech breakthroughs. Accordingly “India has prioritized government support for entrepreneurship and a burgeoning culture for innovation. Report added many start-up business models are leveraging emerging technologies to cater to India’s mobile-first generation".
Furthermore Akhilesh Tuteja Head of Technology,
KPMG in India, said, “Start-ups are at the core of India’s transition
journey towards becoming a leading innovation hub in the world. Moreover with a
young and dynamic pool of entrepreneurs and skilled workforce, India is likely
to become a focal point to generate innovative ideas in the near future.”
