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  • DAILY CURRENT AFFAIRS:India ranks second in global investment in digital shopping

India ranks second in global investment in digital shopping

Tags: Economics/Business

India is the second-largest global venture capital  investment  destination for digital shopping companies. It grew by 175 per cent from USD 8 billion in 2020 to USD 22 billion in 2021, according to the London & Partners analysis of Dealroom.co investment data.

  •  India was second to the United States of America. In 2021 America attracted USD 51 billion in investment, followed by China at third with USD 14 billion and the UK at fourth with USD 7 billion.

  •  In the world ,Bengaluru was the top city in the world which attracted an investment worth USD 14 billion  and Gurugram came at no 7 with an investment worth USD 4 billion and Mumbai at No. 10 with USD 3 billion in 2021.  

  • In the world  New York City  of the United States came second after Bengaluru and San Francisco also of the United States came third.

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