- The United States of America, China, and India were the top 3 nations for tech investment globally in 2022.
- With USD 233.3 billion in IT investment, America (USA) leads China (USD 48 billion) and the United Kingdom (USD 29.9 billion) in the world.
- Research revealed that enterprises in Bengaluru received USD 10.7 billion of the $24.1 billion in technology investment made in India (Karnataka). Bengaluru now ranks in the top 5 centers for technology venture capital.
- Five of the top 10 agreements for Indian IT businesses in 2022 were completed in Bengaluru: Byju's (USD 800 million), Swiggy (USD 700 million), Dailyhunt (USD 805 million), Polygon (USD 450 million), and ShareChat (USD 225m). This indicates that 10.7 billion of the investments in India went to businesses with headquarters in Bengaluru.
- Compared to the record levels observed, worldwide venture capital funding decreased by 33% to USD 485.2 billion.
- USD 723 billion in 2021. The figures for 2022 were 28% greater than the total investments made globally in 2020 (USD 348.9 billion) and every year before 2021.
- Education, food, media, fin-tech, and transportation were the top industries that significantly contributed to India's good VC financing performance. The Bay Area received USD 72.4 billion, New York USD 28.3 billion, and Boston USD 7.4 billion in investment, among other major worldwide cities (USD 20B).
- The World Bank predicted that India will receive more than USD 100 billion (bn) in remittances annually in 2022 in its 37th Migration and Development Brief 2022, headlined "Remittances Brave Global Headwinds, Special Focus: Climate Migration."
Question:
Q.1 India was rated at which position internationally in 2022 for the amount of tech venture capital (VC) investments.
a. Fourth
b. Third
c. Second
d. Fifth
a. Fourth
b. Third
c. Second
d. Fifth
