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India popular for developing disruptive technologies


The Indian tech industry always comes with resilience, agility and innovation – and a latest survey from KPMG says, around twice as many global technology company leaders believe that hubs are still important in driving technology innovation as opposed to those who believe they are not and ranking the country third among jurisdictions that show the most promise for developing disruptive global technologies. KPMG ranked Bengaluru at eighth position among the top 10 cities. More than 800 industry leaders were surveyed for the report which said 39 per cent believe global 'hub' cities such as London, Singapore, and Tel Aviv will continue to play a vital role, enabling talent to coalesce and collaborate in communities with a solid digital infrastructure.



The report found that while Covid-19 has rapidly accelerated new ways of working, most of the employers know this and are striving towards flexible work arrangements including permanent hybrid workforce models. As the workforce disperses geographically, new hotbeds of technically skilled workers will emerge. The world's 'technology hubs' are here to stay although they may not be in Silicon Valley. It presents a great opportunity for India – bolstered further by the urbanisation and younger demographic trends of the country as well as the massive jump in venture capital that India has seen in the last three years. The internet and digital technology are the new superhighways of trade. Tech leaders believe the industry's future success will rely on a balance between physical workspace and greater flexibility. At the same time, engineering talent and intellectual property are the lifeblood of the tech industry and retaining top talent is a strategic imperative.

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