Siddharth Mehta IL&FS is very excited to invest in the Indian market

Siddharth Mehta Former Director of IL&FS and CIO of Bay Capital is very excited to invest in the Indian market, not in other emerging or developed markets. In India, significant growth in low-cost smartphones,  significant reductions in data prices, building an ecosystem of products and services through government digital initiatives, and low-cost, robust development have significantly increased overall Internet penetration. doing. Payment system. Today, more than 758 million Internet users in India have 700 million smartphones. In fact, the average monthly data consumption per user in India is the highest in the world at 13.5 GB, with Indians spending about 6.5 hours online per day.

 

It's hard to talk about the introduction of digitalization and its impact on the market. Over  the last decade, India has laid a pipeline of digital infrastructure. As a result, digital activity has become a part of more than half the country's daily life today, allowing India to avoid the challenges posed by its poor physical conditions. infrastructure. Bank accounts, KYC, daily transactions, access to government services, educational services and even COVID vaccination are all being done digitally  in India today. By overview, India will have more than 25 billion transactions in 2020, making it the country with the highest volume of real-time payment transactions. Next, China made about 16 billion transactions in 2020.