Golden moment for India in the next ten years
Different news media constantly reporting us about the coronavirus pandemic outbreak. This pandemic already impacted our lifestyle
our relationship etc. Thousands and millions of people severely affected due to this coronavirus.
In this pandemic situation most of the industries
and global companies went to work from home ( WFH) solutions as a safety measure for their employee.
Millions of people doing working from home since the pandemic started spreading. Many companies already started reducing the workforce since lockdown and people are out of a job.
According to the
International Labour Organisation (ILO) analysis that globally more than
Twenty-Five million people will be losing their job due to this pandemic
outbreak.
Since February 2020 end every one of us under tension due to this situation,
people are not finding any hope for the future. Everyone worried about the Indian economy
after COVID, what will be the employment position after this COVID?
Coronavirus impacted the entire globe,
especially the US and India. This critical situation of coronavirus and Indo China tension, we are losing our hope day by day and unable to plan for the future. However, in spite of all these crises, Silicon
Valley entrepreneurs showed us some light or hope to us.
Silicon Valley top venture capitalist entrepreneur
gave an interview to PTI about the Indian economy. Now after knowing this Silicon valley Venture Capitalist entrepreneur’s interview, I think you will also find some hope
for the future.
You are now eager to know what is that outcome of
that interview? As per this Silicon
Valley venture capitalist entrepreneur Mr philanthropist M R Rangaswami told to
PTI in an interview that, There is a massive investment going on in India which
is mind-blogging.
As per him “Coronavirus
is sweeping the world, especially the US and India. In spite of that, the
amount of investment going into India is mind-boggling," Silicon Valley's
top venture capitalist, entrepreneur and philanthropist M R Rangaswami told PTI
in an interview.
As per economic
times, Washington- The next 10 years is going to be India's
"golden moment" in key sectors like technology, pharmaceutical,
e-commerce and manufacturing said a top venture capitalist from Silicon
Valley, pointing at the USD 20 billion foreign direct investment in the country
amidst the coronavirus outbreak”.
As per venture
capitalist, that India receiving a foreign direct investment of over USD 20
billion in the last few months during the coronavirus pandemic.
The Silicon
Valley venture capitalist M R Rangaswami told PTI that the next ten years is
the golden moment for India to shine in all sectors of the market.
Digital
technology will be used in every sector, whether its medicine, telemedicine,
E-commerce, logistics, etc. Everything is going to be online or digital. It’s a golden moment which India should grab
said by this software business expert.
This Software the business expert also referring to the investments which include USD 10
billion from Google, USD5.7 billion from Facebook, USD 1.2 billion from Walmart
and USD 1 billion from Foxconn, etc. and many more companies will be doing investment
in India he said. Read the entire report in "Economic times Article ".
It’s also reported that Amazon (e-commerce company) continues to invest
in India. Other foreign companies are also looking to India now for investment.
Private equity guys are, Sovereign funds may be investing in India. As per him,
India is going to be the hot destination definitely for technology money,”
Rangaswami said, in response to a question.
This Indo-China
conflict and the US relationship with India also will be helping to get more
industry in India. As per him, the anti-China statement from the US is also helping
India to bag big investment.
Conclusion: The next ten years everything will be on digital
technology and a big opportunity for those who can upgrade
themselves with this technology.
Thanks for visiting "theblog-insider'.
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