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‘India has become an AI hub for startups’ Morgan Stanley, a major US investment bank, is exploring AI-based collaborations with Indian startups. With over 8,000 tech professionals in India, it leverages this talent for global operations. ✍️@BeenaParmarET https://t.co/lEDyn4ejvN
Indians in large cities are getting everything from biryanis and books to mangoes and mobile phones delivered straight to their doors—often in under ten minutes. And “quick commerce” is not the only promising area in the country’s tech scene https://t.co/I4MTTZOwYP 👇
#India may witness a surge in employment due to startups, once the Indian startup ecosystem matures and begins to generate new-to-the-world innovative products, argues @KrishnapriyaVS2 https://t.co/4g715VSAd7
India's quick-commerce sector is experiencing significant growth, with domestic sales projected to reach $6 billion in 2024, a substantial increase from $100 million in 2020. This surge is driven by the increasing demand for delivery services in congested urban areas, where consumers are seeking convenience for a variety of products, from food to electronics. The rise of quick-commerce firms is seen as a potential catalyst for a broader revival in India's startup ecosystem, which has faced challenges in recent years. Additionally, the country is positioning itself as a hub for artificial intelligence (AI) innovations, with major investment banks like Morgan Stanley exploring collaborations with Indian startups, leveraging the talent of over 8,000 tech professionals in the region. As these sectors mature, they are expected to contribute significantly to employment growth in India.
