India is world’s third biggest tech hub

tech-startup-hubA study by Assocham with the Thought Arbitrage Research Institute says India is home to the third largest number of Tech driven start-ups in the world, followed by the US and UK who occupy the top two positions.

The study also said Bengaluru is host to the largest share of technology start-ups in India followed by Delhi NCR and Mumbai, while Hyderabad and Chennai are also popular among budding tech entrepreneurs.

India’s start-ups numbered around 4200 up to 2015, and again figured among the 5 largest hosts in the world with China, at 10,000 each.

The US occupies the top slot with 83,000 start-ups.

The study recommended that synergising ‘Startup India’ with ‘Make in India’ and “Digital India’ initiatives, has the potential to expand the domestic ecosystem for new entrepreneurs.

It also suggested tax exemption for research and experimentation to encourage fresh ideas. Recommending the Stanford University model the report said courses on creation of small businesses should be encouraged in campuses.