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The vast South Asian country, India smothers the Himalayan peaks to the Indian Ocean coastline with an ancient history that goes back 5 millennia. Sadly it also has the highest number of people (estimated to be18 million) living in slave-like conditions or bonded labor with the largest number of child laborers (under 14) in the world, whilst approximately 12.6 million children are working in hazardous occupations. India has actually overtaken the United States with 277 million Internet users and is now 2nd in the world behind China. Officially the Republic of India, it is the 2nd most populated country in the world with over 1.2 billion people.
India is one of the world's fastest-growing major economies and is considered to be a newly industrialized country. Like many African countries, India has a mammoth number of problems such as poverty, malnutrition, inadequate public healthcare and corruption. It has the 3rd largest army in the world and is a nuclear weapons state.
It is said that for every 1 surviving startup in India, 9 have gone under silently and slowly despite the hype surrounding the digital economy. Amongst the many reasons given for this happening is the fact that what starts out as an individual or a 2-member team becomes 100+ mob mentality that want to take on the world. It doesn't take long for the company to realize, it cannot sustain such a large workforce. Another fact is that the business model is "single city" based and not scalable to a larger model, whilst too many are competing against each other in the same market.
To find a coworking space in India, browse through our interactive map below.
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