Special Focus: Could India Prove To Be A Stable And Sustainable 'Silicon Valley' For 'Emerging Markets'?

India is well positioned to become the next hub for internet development. Providers make money when cell phone users answer a call, and entrepreneurs in India have found a way of profiting when calls go unanswered as well. The story of “missed call” entrepreneurs epitomises the innovations in India’s IT market leading to mega-mergers.

Twitter made international headlines in January with the acquisition of Indian mobile marketing startup ZipDial for a reported $30 million. ZipDial is a brainchild of California-born Valerie Wagoner who moved to Bangalore after a stint with eBay.