Unlocking the Potential of India’s Thriving Tech Sector
As investors seek to diversify their portfolios, one emerging market is gaining attention for its remarkable growth prospects: India. With its rapidly expanding technology sector, India is poised to become a hub for innovation and entrepreneurship.
The Rise of E-Commerce in India
According to industry experts, India’s e-commerce landscape is on the cusp of a revolution. Kevin Carter, founder of EMQQ Global, believes that India’s tech sector is “the tip of the spear of growth” globally. His firm’s India Internet ETF, launched in 2022, has already seen a significant 21% increase this year.
Zomato: The DoorDash of India
One of Carter’s top picks is Zomato, often referred to as the “DoorDash of India.” With a staggering 128% increase in stock value this year, Zomato is making waves in the quick commerce business. Carter attributes this success to the company’s ability to exceed expectations in its quick commerce segment, which is now set to become its largest business.
A Population on the Cusp of Digital Transformation
Carter’s optimism stems from India’s vast population, which is only just beginning to go online. “They’re getting their first-ever computer today, basically,” he notes. With billions of people gaining access to supercomputers in their pockets, the potential for growth is immense.
Tapping into India’s Digital Revolution
As India’s tech sector continues to thrive, investors would be wise to consider adding exposure to this emerging market. With its rapid growth and innovative spirit, India is poised to become a leader in the global digital landscape.
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