- Mohandas Pai highlights India’s pivotal role in global tech innovation due to its vast human capital.
- India boasts 7 million tech workers, second only to the United States, with 2.3 million in Bangalore alone.
- Despite talent, India faces a shortfall in financial capital for innovation, with only $145 billion invested in the past decade.
During the India Global Innovation Connect (IGIC) 2024, Mohandas Pai emphasized India’s crucial contribution to global technology and innovation, citing its unparalleled human capital. With 7 million tech workers, India ranks second only to the United States, boasting 2.3 million professionals in Bangalore alone.
Pai noted that India’s tech workforce plays a significant role in the global tech landscape, with the largest influx of technology professionals to the United States originating from India. Despite China’s sizable talent pool, India’s workforce stands out due to its contribution to global technology beyond national boundaries.
However, Pai highlighted a significant shortfall in financial capital for innovation in India, with only $145 billion invested in the past decade compared to China’s $835 billion and America’s $2.3 trillion. While India leads in people trained in AI and has built impressive digital public infrastructure, Pai emphasized the need for increased funding for research and innovation to unleash India’s full potential in the global tech arena.
