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India has 129 homegrown tech brands earning ₹60,000 crore, but why are so few scaling up?
· Business Today Mkts
India has 129 homegrown technology brands generating over ₹60,000 crore in annual revenue, but only 14 earn more than ₹500 crore. A new Viksit Tech 47 report highlights the hurdles to scaling up, including low R&D spending, limited domestic value addition and gaps in product engineering.