India Stands Second in Global Hubs of Technology Innovation
The consultancy firm KPMG's survey reports that India and China stand second as the hubs for technology innovation globally and the US has topped the list. Bengaluru has entered into the list of top ten cities in KPMG's annual survey of global technology leaders. The survey indicates which cities, along with Silicon Valley would lead technology innovation hubs over the next four years. India's commitment towards setting up strong innovative ecosystems has elevated it to the second position in the technology innovation.
"Bengaluru's entry in the top 10 rankings, is another sign that the city is doing well in the areas of modern infrastructure, attracting skilled talent, investment fundings and more," says Satya Easwaran, Head - Markets Enablement & Technology, Media and Telecom, KPMG India.
The company has conducted a survey on nearly 810 technology industry leaders across the globe. The survey report further highlights the potential innovation headwinds that China is undergoing currently, alongside, the US policies encouraging most of the tech professionals to return to or continue working from India has paved way for the future development of Indian innovation. Furthermore, this scenario has bolstered by the urbanization and the emerging demographic trends that are apt for the present development. In addition, the increasing venture capital the country witnessed in the last two years has aided in the technology advancement.
The ranking was been assigned based on the scores given for the modern infrastructure availability that includes high-speed bandwidth, urban locale attracting young professionals, and the existence of at least one research-intensive university, availability of investment funding and a huge number of skilled talents.
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