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According to data compiled by the UK’s Tech Nation and Dealroom.co, a database company, India attracted tech investments worth almost $9.4 billion in 2019. On top of the heap was the US, which got $116 billion. China soaked up $33.5 billion. A report by the duo refers to a positive tech landscape in cities such as Mumbai and Bengaluru, hailed as tech hubs with a thriving digital ecosystem. The fact that India boasts of a burgeoning startup culture is undisputed. On the Global Innovation Index, published by Cornell University, Insead and the UN World Intellectual Property Organization, India was ranked No 52 among 129 economies last year, up from No 81 in 2015. Thank the proliferation of smartphones and digital payment systems.

However, to maintain our tech momentum, we need to ease regulatory impositions. Much has been done, but more reforms are needed. Another problem we may run into is a shortage of tech talent. What has for long been a key advantage, of relatively low-wage workers, could begin to vanish unless the country devotes more resources to public education—right from the primary level upwards.

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