India Boasts The Next Big Thing In Tech

India is Asia’s third-largest economy, and it’s now preparing for a new generation of software companies like Zoom ($ZM@US) and Slack. The pandemic has forced businesses to invest in digital infrastructure, which has furthered the influence of software-as-a-service companies. Businesses spent an extra $15 billion per week on tech last year as remote working environments were more formally established. According to recent reports, India’s SaaS industry could be worth $1 trillion in value by 2030 and create nearly half a million new jobs. There are almost 1,000 such companies in India, 10 of which are startups worth at least $1 billion.