Web 2.0 Trends : India moves along…
Internet is catching up on a higher scale in India, with the entrance of web 2.0 companies, rich user content driven portals, and interactive web applications.On a global spectrum Internet driven web services [SOAP,WSDL] are in need than the age old client based application products. India does play a major role in developing these services but unfortunately very few are in effective use within the industry.
The User driven Content portals and value information systems are in need for today’s society.
At your fingertip you would need all the information you require (pulled from web or Mobile devices). If we look into a future course, mobile would be the MANTRA where you could actually book tickets, get traffic directions, read newspapers ,do shopping and who knows,you could get married on a mobile device too 
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But yet India still lags way behind with these development ventures when it is been compared with other upcoming trends and also new technological needs.
In Silicon valley, on an average 40 new companies get noticed every month, whereas in India we have less than 10 in a month.
More encouragement,conviction and product defining strategies is the need of an hour than the servicing industry mindset.
If you follow the trends defined by Google in earmarking the technology, its mainly JAVA and related technologies (which is also used within the Indian Servicing sector). India leads the way.
But when you look at the upcoming trends (for the web technologies), i.e. use of open source technologies like PHP, ROR etc, India doesn’t even figure in Top 10.
Its always a heathy boom to look into existence of Indian Web 2.0 companies with new ideas/ innovations always contributing to its growth. To add up to these factors, Indian web industry is gaining more attention from Venture Capitalists who look forward for trends which could match the society needs.
Risk capital investment in the domestic information technology (IT) sector increased from $20 million in 1996 to $320 million.
In the changed scenario, VCs are now looking at new areas such as travel, jobs,matrimony, real estate portals and also social networking!
Frequently Intriguing Questions [FIQ's]
Short hand: VC : Very [un]Common, sorry its Venture Capitalist!
Should I start a web 2.0 company ?
Yes , why not, u have the idea, prepare a business plan, do a PoC, call for a VC meeting, and you are done!
What kind of web product should I develop?
You need to have expertise in order to understand the technologies, get to know what user needs,but of course be ready to adopt to change (by VCs as well as external market factors)
Which technology should i adopt?
PHP, ROR, ASP.net
How do I hit the global scene?
Start locally. Take the baby steps and if you hit the scene here, most likely your product can do wonders in 5/6th of the world (that’s the size of emerging markets).
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Related posts:
About the author - Bit more social, but very adaptable for any technology which believes in Open Source Concepts!
Dream of building a product Company in INDIA
Who would not want there life to be simpler.. u can layback, relax & yet get all ur work done…
The only thing we can relay on for this to happen is the Web n now Mobile (the Big M, Moblie = Money).
with new ideas, concepts, Web 2.0 & Mobile as tools, one can win over the world.
With a very large computer literate population, Highest(almost) number of mobile users; “India” is the next big thing…
Sri, nice blog and good information. I’m out of touch of web technologies for long time and I’m not sure what I’ve commenting here is right, this is my take.
With India not in Top 10 or no. of companies getting noticed being less is just a matter of time.
With people getting more information of new technologies, these things will do come up in India as well.
And I do agree with you that you need knowledge before starting anything and definitely you need backing.
Vivek C.
Sri,
I don’t think India is that behind in using the open source….
I think what vivek is saying is right…
We still Rank 5th when it comes to use of open source technologies, infact Our Bengalooru still maintains its No 1 Position in terms of Open source usage as well…
Web 2.0 trend is very fast picking up in India.
With Time we will surely be on Top… (Hmm… If we don’t Top the chart in IT field, who else can….)
And talking abt ur FAQ it was very good…. But it would have been better if u had answered the last Question!!!
Hey sri, don worry.. i am not gonna ask u “What should i do to start one?”
I am starting one…. with all ur directions in dis write up…
thnx a ton buddy…
Nice one Sri,
I couldn’t agree more that we are lagging in the development using OS technologies.
However, i guess there is a trend here.
All the first wave /service companies in the it field are more on to java/.net. (that is where the money comes from).
If you see most of the startups they are OSF based. (again money, considering no huge licenses and strong dev. community).
Great post Sri.
My question to you – Is the Indian tech crowd ready to experiment? with technology? with ideas?
I am not too sure.
From my personal experience, it’s too difficult to find people who are experts in RoR, PHP etc. But if you say Java – there are plenty.
FOSS community in India is getting aggressive and popular, but at the same time – many techies do it for fun..but not for serious stuff.
Ashish,
Yes Tech crowd are waking up to witness the change in web environment, but we generally got to blame ourself.
Its not only people who have there Masters abroad, posses superficial knowledge to start a new company, we got to encourage local talents.
Tell me where in Academic level they teach you to be entrepreneurs, who would guide youngsters to carry there dreams, we always encourage them to join the Best CMM level company, but yes calculated Risk is always appreciated..
INDIA shining, so as WEB……
I am sure PLUGGD.IN could lead this Revolution
Great information. And thank you. Here is my thought about the Wbe 2.0 companies in India….
I see a lot of internet based companies coming from India and all of them market them as a Web 2.0 company. However in reality they are just Web 1.0. If you have a internet based company that does not mean that you are a player in the Web2.0 world in India.
[...] our earlier post we had a brief look at the growing web trends in India, and now when I look back, I am delighted to [...]