Bird’s eye view of the Indian IT industry

• In FY20, Indian IT-BPM industry generated $191bn revenue (75% from export) and employed >4.3mn people • Indian IT industry provides IT services, Engineering R&D, Products and Business Process Management services • Geography-wise, the USA contributes around 2/3 of India’s IT revenue followed by Europe • Indian IT industry, which flourished during Y2K crisis, has… Continue reading Bird’s eye view of the Indian IT industry

Towards the Giant India SaaS Opportunity

Key highlights of ‘RIDING THE STORM- Towards the Giant India SaaS Opportunity | July 2020’ by Nasscom: Indian SaaS Revenues at $3.5 Billion in FY2020, growing at 30% with global sales accounting for 75% of revenues Chennai has emerged as the “SaaS capital” (generating $1+ billion in revenue) due to the presence of leading SaaS… Continue reading Towards the Giant India SaaS Opportunity

5 years of Digital India

• The world’s largest digital literacy program, PMG Disha, has already trained around 3 crore candidates. • JAM (JanDhan, Aadhaar and Mobile) trinity facilitated the direct benefit transfers worth more than ₹11 lakh crores, directly into the bank account of beneficiaries. • MyGov, with 1crore+ users ensured active participation of people. • Formulation of 796… Continue reading 5 years of Digital India

Instagram Reels in India

• Instagram Reels is currently being tested in India that lets users record 15-second videos with music and audio clips. • Facebook had recently shut down its TikTok clone app Lasso and was concentrating on ‘Reels’. • Facebook recently partnered with Indian music label Saregama to give access to music library for Instagram music. Source:… Continue reading Instagram Reels in India

Contribution of Smartphones to Digital Governance in India

Key highlights of Contribution of Smartphones to Digital Governance in India by ICEA and KPMG (July 2020): • India is expected to get 829 million smartphone users by 2022. • India is the fastest growing app market in the world; the top country in terms of app downloads as of 2019. • Data usage has… Continue reading Contribution of Smartphones to Digital Governance in India

Reliance India’s 2020 AGM

Key announcements at Reliance India’s 2020 AGM include: • Jio5G: India’s first 5G network• Google’s investment for 7.7% stake in Jio• Google-Jio to develop an Android-based platform for an affordable 5G phone• JioMeet to expand into edutech and healthtech• Expansion of JioMart with WhatsApp as a platform• JioGlass: Affordable MR headset for commercial applications Source:… Continue reading Reliance India’s 2020 AGM

Key highlights of the report on ‘How India Shops Online’

• A visitor spends less than 9 minutes per visit on an e-retail platform. • 1 in 2 visitors browse the image gallery and only 1 in 15 click the detailed product description. • Google India saw 270% year on year growth in voice search. • 500M Indian language internet users expected by 2021 (vs.… Continue reading Key highlights of the report on ‘How India Shops Online’

India’s Edtech Opportunity

The heart of EdTech surge is the US, with 43% of the world’s EdTech enterprises having their headquarters located in the USA. India has the second-highest number of EdTech startups, with 10% being located in the country. Brazil (9%), the UK (8%), and China (3%) all make it into the top 5 countries leading the way in EdTech.

Digital Lending: A $1 Trillion opportunity for India

By the year 2023, it is estimated that MSME (Micro, Small and Medium Enterprises) digital lending may increase 10-15 times to arrive at INR 6-7 Lakh Crore ($80-100 billion) worth of annual disbursements, creating a window for traditional lenders to go digital. With the growth of API based data distribution patterns and the technical know-how… Continue reading Digital Lending: A $1 Trillion opportunity for India

Growth of Digital Payments and the emergence of FinTech in India

The government of India has proved to be a catalyst in the growth of the digital payments ecosystem in the form of modernization of payment infrastructure, digital literacy and offering ease of setting up a business. The government pushed a surge of digital inclusion in the country with subsidies, programs and incentives including: BHIM cashback… Continue reading Growth of Digital Payments and the emergence of FinTech in India

Digital Tax in India: 2% Equalisation levy

Introduced in the Finance Act 2016, an “equalisation levy” at the rate of 6% (on the nonresident companies indulged in the digital advertisement space) sought to address the tax-related challenges by the growing digitization of the Indian economy. Effective from 1 April 2020, the scope has been widened to cover the levy of 2% on… Continue reading Digital Tax in India: 2% Equalisation levy

How Kerala flattened the covid curve?

Public health infrastructure:Kerala has at least two primary health centers for every three villages, which is one every 3.95 kilometers against the national average of 7.3km. Efficient contact tracing:Through contact tracing, the team was able to track nearly 98% of all primary and secondary contacts, as reported for one district. Early calamity declaration:Kerala government declared… Continue reading How Kerala flattened the covid curve?

10th India Investment Conference by CFA Society India.

10th India Investment Conference

Key points from the talk by Sir Howard Davies (Chairman of the Royal Bank of Scotland and the former Director of London School of Economics): ⁃ More cash has gone into shadow banking which is less regulated and transparent. ⁃ Big tech (like Google) is keen on fintech. The question is whether fintechs can get… Continue reading 10th India Investment Conference by CFA Society India.

$70B Social Commerce opportunity for India

It all started with social media giant Facebook investing an undisclosed amount in Meesho in June. Meesho is a marketplace for resellers and connects them with customers via social media channels like WhatsApp and Facebook. With this investment in Meesho, we want to fuel a business model that can result in rapid job creation and… Continue reading $70B Social Commerce opportunity for India

MeitY Startup Summit 2019

Focused on Deep tech and the associated use-cases. India can utilize massive data since the associated demographics is supportive. India needs to create data sets, in healthcare, education as it’s the key to creating innovative solutions. 10,000 startups which Meity envisages to create would be easy to create if the government provided the datasets through which startups can be built.

Cloud Kitchens – The next big opportunity?

Dark Kitchens / Ghost Kitchens / Cloud Kitchens / Virtual Kitchens are fully equipped kitchens that you can find in most of the restaurants but they don’t have dine-in or takeaway, they run solely for the online delivery services.