New Mega Trends in India
While India will witness a high growth in population on one side, great progress will be witnessed in the area of connectivity. It is anticipated that around billion devices would be connected in 2025. This will not only include mobile phones and tablets but also other connected devices, such as smart TVs.
India’s digital economy will explode with the proliferation of devices, and estimates for India’s Internet economy (as measured by total ICT spending) to be $ billion in 2020. The Internet economy will account for nearly% of the country’s gross domestic product (GDP).
Online retail will emerge as one of the fastest growing industries in India, with a market potential of $ billion by 2025 that accounts for nearly % of total retail. This growth will compel many retailers to move from a ‘bricks’ model to a ‘bricks and clicks’ model that amalgamates online channels with brick and mortar stores.
India will emerge as a reliable and affordable satellite launch service provider and manufacturer for the world. India can deliver a satellite in approximately months, against the global average of months. By 2020, India will launch satellites, space missions, and launch vehicles.
Mobile apps downloads in India will reach billion apps by 2020. Key mobile-based industries such as mobile banking and governance in India would benefit as a result, with a consolidated value of $ billion by 2020.
About this report
This study provides an insight into the key Mega Trends in India that will impact and shape the country’s economy, society, and culture. Understanding these pertinent macroeconomic forces is important to identify the inherent future opportunities and the needs of the customer. For the purpose of this study, Mega Trends are categorized into urbanization, social, economy, technology, energy, eMobility, infrastructure, business, health and wellness, political shift, new business models, and industry-specific trends. This study also highlights illustrations of projects, companies, and technologies that will invade and change the business ecosystem of the country in the next decade.
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