On March 11, 2020 Klynveld Peat Marwick Goerdeler (KPMG)’s global Technology(Tech) industry innovation survey ranked India in 2nd position which is shared with China as the most promising country for developing globally impactful disruptive technologies. The United States (US) topped the survey.
- According to the survey findings, India dropped a rank last year, but now it is tied up to China in the 2nd position.
- The Potential innovation is faced reversely by China & US policies encouraging more tech professionals to return or remain in India, this is suitable for future innovation in India.
- This is further increased by urbanization & younger demographic trends moving in the right direction, this is further compounded by the increase in the venture capital of India over the last 2 years.
Bengaluru ranked 9th, Singapore tops in Cities which leads the tech innovation hubs
KPMG’s also surveyed which cities in addition to global leader Silicon Valley/San Francisco, will be leading technology innovation hubs over the next 4 years. Bengaluru ranked 9th & Singapore topped the position.Bangalore last year was at the 18th position
Last year Tel Aviv was at 15th position now it rocketed to third place & Singapore was at 7th position but now is at top rank. Singapore offers an advanced IT infrastructure, strong government support, IP protection laws & a deep pool of talent. London moved up one notch to second.
|3||Tel Aviv, Israel|
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CEO– William B. Thomas