Bengaluru- forefront in race to going digital, beating San Francisco<\/p>\n
I know you might have been amazed reading the headline of the article, but it is quite true. According to the \u2018Safe Cities Index 2017′ and \u2018Connecting Commerce\u2019 reports by \u00a0Economist Intelligence Unit <\/em>released on Tuesday, the picture is quite different than what we presume.<\/p>\n Third Largest Economy<\/strong><\/p>\n India\u2019s economy is continuously growing at a staggering rate of 7% and if it keeps going so, it will beat Japan in becoming the third largest economy. The key factor to this growth is middle-class, which saw a huge spike in earning.<\/p>\n China\u2019s growth is probably going to slow down because of government reigning in credit as well as the US recession predicted in year 2020; however, India will continue to grow.<\/p>\n Confidence in Digital<\/p>\n According to another report on \u2018Confidence on Digital transaction\u2019 (Connecting Commerce), Bengaluru has more citizens trusting digital economy on a day-to-day basis than San Francisco. 9<\/p>\n In this ranking, Bengaluru<\/a> is on the top, San Francisco is at 2nd<\/sup>, with Mumbai<\/a> and New Delhi following at 3rd<\/sup> and 4th<\/sup> respectively. India\u2019s 3 major cities made among the top 5 of the list from the 45 global cities in which survey was conducted.<\/p>\n Bengaluru outperformed San Francisco<\/a>-hub of Silicon Valley on parameters like innovation and entrepreneurship, financial environment, people and skills. Mumbai and New Delhi also performed decently by being among the top 10 in every aspect.<\/p>\n The report concluded that entrepreneurialism was one of the major factors. It identified that people with skills in digital security, big data analytics will be in more demand followed by fields like cloud computing<\/a> ,social media<\/a> and artificial intelligence<\/a>.<\/p>\n Certainly \u2018Startup India\u2019 and Demonetization are deciding factors in these surveys. Such optimistic projections do paint a bright and promising future for Indiade. Let\u2019s wait for the reality to unfold in line with the projections.<\/p>\n Was demonetization the only reason for Bengaluru the chart people are accepting topping the fate of Digital transaction, the new way to pay?<\/span><\/p>\n Subscribe with us to get your dose of interesting news, research & opinions in the startup segment. Fill the form below:<\/p>\n [email-subscribers namefield=”YES” desc=”” group=”Public”<\/p>\n","protected":false},"excerpt":{"rendered":" Bengaluru- forefront in race to going digital, beating San Francisco I know you might have been amazed reading the headline of the article, but it is quite true. According to the \u2018Safe Cities Index 2017′ and \u2018Connecting Commerce\u2019 reports by \u00a0Economist Intelligence Unit released on Tuesday, the picture is quite<\/p>\n","protected":false},"author":22,"featured_media":10295,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[27,21],"tags":[197,6371,280,6781,6780,6775,6774,6777,6776,1789,6778,6779,1709,202,424,875,364,45],"class_list":["post-10294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-start-up","tag-artificial-intelligence","tag-big-data-analytics","tag-cloud-computing","tag-confidence-on-digital-transaction","tag-connecting-commerce","tag-digital-security","tag-economist-intelligence-unit","tag-financial-environment","tag-innovation-and-entrepreneurship","tag-japan","tag-people-and-skills","tag-safe-cities-index-2017","tag-san-francisco","tag-silicon-valley","tag-social-media","tag-startup-buzz","tag-startup-news","tag-startup-india"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/startup-buzz.com\/wp-content\/uploads\/2017\/11\/bangalore-beats-san-francisco-in-race-to-digital.jpg","_links":{"self":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/10294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10294"}],"version-history":[{"count":1,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/10294\/revisions"}],"predecessor-version":[{"id":10296,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/10294\/revisions\/10296"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/media\/10295"}],"wp:attachment":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}