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.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.