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 c
Siddharth Mehta is the founder and CIO of Bay Capital, which was founded in 2006 and currently manages a number of funds and special purpose entities. The asset manager's primary sources of funding are North American foundations, family offices, endowments, and corporate pension plans. According to Siddharth Mehta Bay Capital , the firm oversees a total of $500 million in funds. He also talks about the India Discovery Fund, which was established in the same year that the asset management company started conducting investments. . A recent study demonstrates how India's economy has become more dynamic and interesting as a result of digitalization. Former IL&FS director Siddharth Mehta has advised upcoming investors to concentrate on the Indian economy's reliance on digital technology due to the rapid expansion of the digital domain. He wrote in an email to another investor, "Our advice to investors would be to remember that humanity's collective resolve i
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