{"id":13652,"date":"2021-05-21T17:57:31","date_gmt":"2021-05-21T14:57:31","guid":{"rendered":"https:\/\/ufuture.com\/?p=13652"},"modified":"2021-05-21T17:57:31","modified_gmt":"2021-05-21T14:57:31","slug":"temples-traffic-jams-startups-the-indian-city-and-tech-hub-where-billions-are-pouring","status":"publish","type":"post","link":"https:\/\/ufuture.com\/en\/temples-traffic-jams-startups-the-indian-city-and-tech-hub-where-billions-are-pouring\/","title":{"rendered":"Temples, traffic jams, startups: the Indian city and tech hub, where billions are pouring"},"content":{"rendered":"

Everything seems to be mixed in this city. Pictures from Indian Bengaluru, or Bangalore as it was once called by the British colonizers, first show majestic Hindu temples. There are more than fifty of them in the city \u2013 not only Hindu.<\/p>\n

Locals complain of constant traffic jams. However, slowly riding through, you can enjoy the scenery with impressive technology parks, luxury hotels, and fine restaurants \u2013 it is truly a global innovation and technology center.<\/p>\n

At the same time, 10% of the population of Bengaluru lives in the slums. The rate is \u201clow\u201d compared to neighboring Mumbai, where it reaches 50%…<\/p>\n

In 2015, Statista<\/a> ranked Bengaluru first in the world in terms of the income gap between rich and poor: the wealth of billionaires 646,407 times that of the average per capita GDP.<\/p>\n

However, Bengaluru was named by the analysts of the British data platform Dealroom.co<\/a> at the beginning of the year as the fastest-growing technology center in the world. During 2016-2020, the value of venture capital invested in local technology companies increased fivefold.<\/p>\n

The seeds for India’s technology boom were sown back in the 1970s when the government decided that technology could be a key factor in the development of the national economy. In 1984, Indira Gandhi’s cabinet approved a program to develop and promote software exports from India \u2013 i.e. outsourcing \u2013 that gave impetus to the Indian IT revolution.<\/p>\n

The technology industry does not require much investment while raising the level of education of the population and providing jobs.<\/p>\n

In 1985, the American technology corporation Texas Instruments became a pioneer and located a branch in Bengaluru. Others came after. Today in the technology capital of India Amazon, IBM, Microsoft, Tesco, Nokia, Siemens, and many others have their divisions.<\/p>\n

Some facts<\/h3>\n

Like Mumbai, which the British once called Bombay, Bengaluru is called Bangalore during British rule. In 2014, the city was given back its historic name, but the colonial name is still more common.<\/p>\n

Bengaluru is the third-largest city in India with a population of about 12 million people. The city is called the “Indian Silicon Valley”. According to some estimates, more than 10K millionaires and 60K super-rich people live there.<\/p>\n

Startups<\/h3>\n

The technology capital of India leads in the number of young billionaires. Most often they are the founders and owners of successful startups.<\/p>\n","protected":false},"excerpt":{"rendered":"

Everything seems to be mixed in this city. Pictures from Indian Bengaluru, or Bangalore as it was once called by…<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"single-new.php","format":"chat","meta":{"footnotes":""},"categories":[2],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/posts\/13652"}],"collection":[{"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/comments?post=13652"}],"version-history":[{"count":1,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/posts\/13652\/revisions"}],"predecessor-version":[{"id":13653,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/posts\/13652\/revisions\/13653"}],"wp:attachment":[{"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/media?parent=13652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/categories?post=13652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/tags?post=13652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}