4 ms·
> since India is like 5-10 years behind USA in the tech space, most unicorns in India are just companies that already exist in some form in USA. There are some
by factorialboy 4y ago
> since India is like 5-10 years behind USA in the tech space, most unicorns in India are just companies that already exist in some form in USA.
There are some areas where India has leapfrogged ahead of United States and China. Look at digital payments for instance.
Since the 90's we have seen countless examples of how US / western products and services cannot be sold as-is.
Like all markets, India is unique. It also happens to be significant in size and companies homegrown and global focus on addressing local needs.
- ignoramous 4y ago> ...since India is like 5-10 years behind USA in the tech space The fact that the tech scene in the West (which is the place where most things happen) is white-male dominated and likely outranks Indians by a factor of 10x (?), which means, as a group, they're likely to accomplish 10x in a lot of metrics. Also, India is roughly 5x / 10x behind the US in tech salaries too (amidst high inflation and weakening currency), resulting in the infamous brain drain to the West (where they then make things happen, if they catch a break).
- govg 4y agoIndian salaries at the top firms ( FANG ) are more like 3x-4x lower now, and rising.
- zht 4y agosorry in what way has India's digital payments space leapfrogged China's? Do you know what WeChat/Alipay are?
- govg 4y agoDo you know what UPI is?
- zht 4y agoyes? in what way is UPI leap frogging the ubiquity of wechat/alipay? p2p, b2b payments go through WeChat. it all goes through WeChat. people selling food on the street, basically all retail stores, e-commerce, goes through some combination of wechat/alipay