India ranks 2nd most promising source of disruptive technology

India ranks as the second position with China as the most promising source of disruptive technology in the world, according to KPMG’s “2020 Global Technology Industry Innovation Survey” report. The report was topped by the United States as the most promising market for developing disruptive technologies.

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The report ranked countries that are committed to setting up strong innovation ecosystems. In terms of the world cities, it highlighted that Silicon Valley/San Francisco would be leading technology innovation hubs over the next four years. Under this category, Bengaluru entered the top 10 list and ranked ninth. Mumbai was ranked 16th. In terms of hubs globally outside Silicon Valley, Singapore topped the global rankings for the year 2020. Singapore offers strong government support, advanced IT infrastructure, IP protection laws, and a deep pool of talent.