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ONE INTERESTING OBSERVATION SERIES DAY #11 India has a massive HOME MARKET ADVANTAGE that can allow it to build software that is affordable for other developing countries compared to the West. In the western world, the average salary for software engineers makes the software unaffordable outside the country. In the US, it's nearly $100K, while in India, it's a fraction of that, making Indian software development incredibly cost-effective! India also has the largest, cheapest English-speaking tech pool with 5 million software developers, compared to 4.4 million in the US and 7.7 million in China. These advantages make India most capable contender for building $5/month software solutions for the Global South. Can you highlight what challenges can India face here?
Software EngineerĀ ā¢Ā 1y
India's Software vs Hardware Exports, 2022. Government's PLI Scheme can be clearly seen working for Computer Hardware Manufacturing in India. From almost negligible exports in 2000s to $13 Billion in exports in 2022. India is certainly late in Manuf
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CoinSwitch CEO Ashish Singhal announced the āCoinSwitch Caresā program on Tuesday, introducing a ā¹600 crore recovery plan for WazirX users affected by the July 2024 cyberattack. The hack impacted over 4.4 million users, causing a total loss of ā¹2,000
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OpenAIĀ ā¢Ā 1y
The funding scene for AI has been challenging, in India. According to Tracxn data, funding for AI startups in India plummeted nearly 80% in 2023, from $554.7 million in 2022 to $113.4 million. In stark contrast, U.S. AI startup funding surged by
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More than *1 in every 5 accounts* under the *Pradhan Mantri Jan Dhan Yojana* had turned inoperative by December 2024 which accounts for *21% of Total Jan Dhan accountsš¦š¦* *Bank of Baroda* has the highest number of inoperative accounts at *29 milli
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šIndian Startups Are Coming Home! šš®š³ šHere's why: ā”ļøIndian markets now offer easier listing options compared to the US. A software firm with $50-$60 million in revenue can list in India, while the US requires nearly $500 million ā”ļøAligning wit
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