India snatch third spot in global tech investment destinations list

India snatched the third spot in consultancy EY’s list of most attractive investment for technology transactions. Technology report 182 technology executives covered around the world i.e. the US, the UK, India, China and Germany as the top most five destinations for technology investment.

Companies have been revising their plans to increasing revenues and protect earnings in the current global economic scenario. Tech executives see a modestly improving economy, there has been a 38-point drop in those projecting huge development before six months. US dollar and weak oil prices are impact on Economic and political instability.

Globally, there is a shift towards helping infrastructure, and that is the main investments in India. India’s status as an IT and IT-enabled services powerhouse has received a great momentum with the heightened velocity of the global digital transformation. Domestic technology market of India is picking up and there’s a marked increasing in our vestment climate.

The appearance of cloud computing has become an attractive gamble, with investments in cloud computing infrastructure in India touching $1 billion and major players actively move in this space. However, India scores being a technology hub.

India’s power is ability to adopt new technology. Shared infrastructure is domestic market concentrating, Need investment in export for people profit.