BY ALEEM BAWANY
Dubbed as the hub of start-ups, India has done immensely well for itself over the past few decades in the IT sector, and has a number of things going for it that Pakistan has yet to catch up on. Most of these are top-down investments. The biggest is the raw engineering talent that is coming out of India each year.
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For example, 1.3 million students sit in for Indian Institute of Technology (IITs) admission tests. This doesn’t factor in the national and regional institutes which further add to the engineering talent base. Pakistan needs far more engineering institutes than it currently has.
Following the swelling of the engineering talent pool, India has also seen a large uptake in Venture Capital (VC), driven largely by healthy returns in technology. A lot of this is fuelled by Indian alumni working overseas and having established themselves in enviable executive positions — the CEOs of Google, Microsoft and Adobe are all of Indian origin. Bollywood has also jumped on the bandwagon with most actors going beyond just endorsements and actually taking partnerships in tech start-ups.
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