For investors, India is at a very interesting juncture, according to Nitin Jain of Kotak Mahindra Investment Management.
The old economy is set to make a comeback after a Covid-19 hiatus and the digital economy is primed for hyper growth – perfect combination!
Nitin Jain says: “The latter is becoming more pertinent when we see serious regulatory challenges emanating from the biggest new economy play in the world, China.”
On the day when the China ed-tech companies and other new economy stocks were reeling under the fear of profits being taken away, Zomato, a fast growing Indian food tech company had its listing day gains of more than 50%.
Close on the heels are many other digital businesses which are getting ready for listing.
Indians are already hooked to the internet and now we are seeing transaction-related internet businesses gaining mega scale.
In fact, around 750 million have access to a mobile payment system tied with the Aadhar card, a biometric card which uniquely identifies an individual and is very easily accessible by any business, government services, and healthcare services securely, seamlessly and at almost no cost.
So – time to review your investment and business/market entry strategies?