{"id":11378,"date":"2011-11-28T01:11:04","date_gmt":"2011-11-28T01:11:04","guid":{"rendered":""},"modified":"2011-11-28T01:11:04","modified_gmt":"2011-11-28T01:11:04","slug":"India-5-Years-Behind-China-in-tech--Exciting-","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=11378","title":{"rendered":"India, 5 Years Behind China in tech – Exciting!"},"content":{"rendered":"

The only other tech market in Asia that is halfway as exciting as China is India. <\/strong>It has the promise to close the gap with China but is no match yet. India\u2019s 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.<\/p>\n

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.<\/strong><\/p>\n

Today India\u2019s venture leaders such as Ashish Gupta and Sudhir Sethi are looking for the next, new thing in mesmerizing India \u2013 the world\u2019s second-fastest-growing economy and Asia\u2019s third-largest economy.
\n<\/strong>
\nIndia\u2019s entrepreneurial journey is at least five years behind China\u2019s path. There\u2019s no Jack Ma or Robin Li in sight or a big-time IPO like Youku. India lacks the entrepreneurial buzz and fast pace of China tech clusters. Indian entrepreneurship has been led by grassroots efforts, and the government hasn\u2019t always been venture friendly.<\/p>\n

If India is ever to break through, it needs to ditch an image as just for outsourcing or low-cost engineering and business services\u2014a major challenge for the world leader of the booming $500 billion global outsourcing market.<\/strong> But India could eventually become a tech minipower and grab some of the limelight from China. <\/p>\n

India\u2019s fast-growing digital communications markets are a catalyst for the subcontinent country\u2019s emerging tech economy.<\/strong> While only 74 million of India\u2019s 1.2 billion people had Internet access in 2010, the number of mobile phones in India surpassed 752 million in 2010, second worldwide only to China\u2019s 842 million users.<\/p>\n

What\u2019s also fueling India\u2019s startup engines is a large venture capital pool of $5.8 billion. India is the world\u2019s third-largest venture capital investment market, after the United States and China.<\/strong><\/p>\n

Continue reading<\/a>
\n<\/p>\n","protected":false},"excerpt":{"rendered":"

The only other tech market in Asia that is halfway as exciting as China is India. It has the promise<\/p>\n","protected":false},"author":1,"featured_media":72448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[1],"tags":[],"class_list":["post-11378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","medium_large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","1536x1536":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","2048x2048":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-highlighted-post":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-small":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x90.jpg","colormag-featured-image":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-default-news":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","colormag-featured-image-large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-block-extra-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-small-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-medium-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg"},"magazineBlocksPostAuthor":{"name":"Admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"The only other tech market in Asia that is halfway as exciting as China is India. It has the promise","magazineBlocksPostCategories":["News"],"magazineBlocksPostViewCount":123,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"medium":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"thumbnail":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg",113,150,true]},"magazine_blocks_author":{"display_name":"Admin","author_link":"https:\/\/asiancemagazine.com\/?author=1"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g","magazine_blocks_category":"News<\/a>","_links":{"self":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/11378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11378"}],"version-history":[{"count":0,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/11378\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/media\/72448"}],"wp:attachment":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}