Despite COVID-19 affecting the global business world, Indian startups have received FDI (Foreign Direct Investment) of more than $20 billion amid the corona crisis.

Acknowledging this unprecedented achievement, a Top VC hailing from Silicon Valley said the next 10 years will be India’s golden moment in key sectors, including Finance, Technology, Pharmaceutical, and E-commerce.

Talking about the future of India, M. R. Rangaswami, Silicon Valley top venture capitalist, said,

“I think the next 10 years is the golden moment for India to shine; using digital and technology — whether it’s medicine, telemedicine, e-commerce, logistics — in every segment of the market. Whether it’s a Kirana (local grocery) shop, everything is going to be digital. It is the golden moment that India should seize.”

The big chunk of $20 Billion FDI came from tech giants. Companies like Amazon, Facebook, Walmart, Microsoft are continuously investing in India as they know the potential of the Indian market.

Being a keen observer of the Indian market, M. R. Rangaswami also said the entire business ecosystem is adopting new technologies like never before.

Rangaswami also added that to keep this a win-win situation for all parties involved, India needs to iron out all the barriers to businesses immediately.

What do you think about the future of India in terms of tech? Share your thoughts below.