Source: Forbes Magazine
The only other tech market in Asia that is halfway as exciting as China is India. It has the promise to close the gap with China but is no match yet. India’s mobile market is large, venture spending is vibrant, and high-profile IPOs such as MakeMyTrip are happening, with more on the way soon from up such swift up and comers as mobile ad service inMobi and PC help center iYogi.
Plus, India has proven it is rich in R&D and a lot more than outsourcing. Even so, red tape and poor infrastructure hold back the entrepreneurial spirit here. Investors Bill Draper, Lip-Bu Tan, and Sumir Chadha did the trailblazing in India. Today India’s venture leaders such as Ashish Gupta and Sudhir Sethi are looking for the next, new thing in mesmerizing India – the world’s second-fastest-growing economy and Asia’s third-largest economy.