Courtesy: Gateway House
The combined effects of the pandemic and recent geopolitical tensions have resulted in some of the world’s leading tech companies facing crises on multiple fronts. A fall in market capitalisation, along with a sharp decline in equity has resulted in shrinking market shares for many of these giants.
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The simultaneous rise of India's tech unicorns with the unexpected crackdown by China on its star tech players, is an interesting study. India will certainly be a beneficiary of China's move, which is likely to scare foreign capital away. There's plenty on offer in India, with nearly 60 IPOs scheduled for a 2021 listing.