Oh I hope so. But I doubt India taking the lead in R&D and innovation. At least within the next 5 years. I don't see it happening. Except Zoho, you'll be ha

Oh I hope so. But I doubt India taking the lead in R&D and innovation. At least within the next 5 years. I don't see it happening. Except Zoho, you'll be hard pressed to name any other Indian startup doing extremely well. Indian startup scene is pretty much like the Chinese startup scene. American success stories are ripped off and given a local twist. Because this ripping off is lucrative - but comes without a lot of startup risks. All the big R&D hubs in India are run by Non-Indian companies (IBM, Intel, Microsoft)... thats not a coincidence. Indian companies are yet not at the stage of spending a lot on R&D (medicine and defense are 2 exceptions.) Yes VC funding is increasing in India. But really - the biggest news I heard in the last year was a VC investing in a Netflix copycat. And Vinod Khosla investing in a micro-financing fund in India (copy cat of Grameen Bank etc...)