March 23, 2006
As more and more companies bring out great products in the web 2.0 arena, it becomes evident that innovation is all around. Except here at home. I was looking at this cool mashup of Google Maps with the physical locations of all web 2.0 companies, and one hting to notice is that there is not a single company from India.
India has more than 50% of global market share for IT sourcing and more than 30% in the ITES sector. Given that fact it is indeed surprising and disappointing that there are very few innovations happening from India, and probably none in the web application area.
Leave a comment if you happen to know any web 2.0 startup from India.