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Home » Top News » The Pandemic Has Accelerated Growth in the Digital Space, Says Siddharth Mehta, Former
Director, IL&FS
The Pandemic Has Accelerated Growth in the Digital Space, Says Siddharth Mehta,
Former Director, IL&FS
The Pandemic Has Accelerated Growth in the Digital Space, Says Siddharth Mehta, Former Director, IL&FS
March 30, 2022 2:42 IST | Business Wire
Business Wire India
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."
x
Siddharth Mehta is very excited about investing in the Indian market rather than any other emerging and
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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 signi몭cant
Bene몭ts
Worth 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
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Mobile
No.
at ~13.5
and Indians
spend almost 6.5 hours per day online.
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SGX Nifty indicates negative opening for Indian markets
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