Insta
Bengaluru Emerges As The World's Fastest-Growing Technology Ecosystem, Mumbai In Sixth Spot: Report
Swarajya Staff
Jan 15, 2021, 08:14 AM | Updated 08:14 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
In a positive development, a research done by London & Partners, the Mayor of London's international trade and investment agency has recognised Bengaluru as the fastest-growing mature technology ecosystem in the world since 2016, reports Hindu Businessline.
The report lists Bengaluru at the top as fastest growing, followed by London, Munich, Berlin and Paris. These cities are then followed by Mumbai which has been ranked sixth globally.
The report notes that investments in Bengaluru grew 5.4 times from $1.3 billion in 2016 to $7.2 billion in 2020. Meanwhile, in the case of Mumbai which is also touted as the nation's financial capital, investments have grown 1.7 times from $0.7 billion to $1.2 billion.
Second, in the list, London has seen investments grow three times from $3.5 billion in 2016 to $10.5 billion in 2020.
Meanwhile, Bengaluru has been ranked sixth and Mumbai has been ranked at 21 position on the list of cities attracting the maximum share of the world's technology venture capitalist investments. The list is topped by Beijing, San Francisco, New York and Shanghai which are then followed by London at the fifth spot.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.