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Investment opportunities in India is wide now – Business Standard

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Investment opportunities in India is wide now – Business Standard

Siddharth Mehta IL&FS Former Director and Founder and CIO of Bay Capital Talking about its initiation towards being digital and its impact on the market is tremendous. Over the course of the last decade, India has laid down the digital infrastructure pipelines - so much so, that today Digital activity has become part of daily lives of over half the country and has enabled India to circumvent the challenges posed by its poor physical infrastructure. Be it bank accounts, KYCs, daily transactions, accessing government services, education services, and even COVID vaccinations, all of this is now digitally led in India. Just to put things in perspective, India has the highest volume of real time payment transactions with over 25 Bn transactions in 2020. China was next at about 16 Bn transactions in 2020!


In such a scenario, it can be said that India is now on the path to becoming the largest digitize business hub in less than twenty years. COVID-19 also plays an essential role to help India in rolling out the digitalization aspects.


It has acted as an accelerator for the adoption of the digital economy. In every sector and in every business aspect, digital activity has become extremely important and relevant as this was the only way for consumers to access products and services and for businesses to operate.


Siddharth Mehta IL&FS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think 'digital' if they are to compete and grow over the next decade."


Siddharth Mehta is very excited about investing in the Indian market rather than any other emerging and developed one. Because India has seen a tremendous increase in the overall penetration of the internet owing to strong growth in low-cost smartphones, a significant reduction in data prices, the creation of an ecosystem of products and services driven by the government's digital initiatives, and the development of low cost, robust payment systems.


Today, there are over 758 Mn internet users in India with ~700 Mn smartphones. In fact, the average data consumption per user per month in India is the highest in the world at ~13.5 GB and Indians spend almost 6.5 hours per day online.

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