India has a new avatar. It is no longer just a back-office for software development by a pool of talented engineers or a hub for business processing outsourcing. India is fast becoming the darling for global investors, as hot new startups spring up across the nation. Market conditions are now ripe in India for start-ups. The middle class has rapidly expanded, smart phone usage is cheap and ubiquitous, the educated masses are hooked to the internet, and the population is young (more than 50% of India's population is below the age of 25 and more than 65% below the … [Read more...]