India can build the AI engine, but can it build the next global tech giant?
India’s technology industry has become exceptionally good at solving problems for the rest of the world. Its engineers build software, develop products, undertake complex research and increasingly participate in the development of technologies that multinational companies consider strategically important. Yet a question persists beneath this success. How much of the value created by India’s engineering talent ultimately translates into globally competitive Indian technology businesses?
Sandeep Menon, Managing Director and GCC Head of Workato India, says, “The distinction between building technology and owning the business built around it is central to understanding India’s next phase of growth. The country has developed the capabilities to undertake increasingly sophisticated engineering work, but the emergence of companies that can convert those capabilities into globally scaled products remains a work in progress.”
His analogy is telling. India has moved beyond supplying individual components and is increasingly capable of building the engine. What it has yet...
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