Strategic Intelligence: India Tech

Strategic Intelligence: India Tech

Summary

At $3.9 trillion, India is currently the world’s fifth-largest economy by GDP and, according to the International Monetary Fund (IMF), is the fastest-growing economy among the G20. The UN estimates India has also surpassed China as the world’s most populous country. India could have a working-age population of over 800 million by 2035, which is why many global fund managers see it as the world’s coming economic superpower.

Key Highlights

• The Indian government has bolstered the digital ecosystem by courting foreign investment and introducing digitalization policies. Indians are now more connected than ever before. According to GlobalData, 55% of the Indian population have a smartphone in 2024, and penetration is expected to increase to 62% by 2029. The Indian IT and telecom service companies are the flag-bearers for the country’s tech, media, and telecom (TMT) sector and have grown as large as their global counterparts.
• Around 65% of India’s population live rurally, many in areas lacking basic amenities (drinking water, sanitation, and electricity). The public and private sectors suffer from governance issues, and there is a lack of in-house tech manufacturing capability. Nonetheless, the country has become a tech powerhouse thanks to government support and private investment. An increasingly prosperous and connected India will help it to become a technological superpower in the coming decade.

Scope

• This report looks at the current state of India’s tech, media, and telecom (TMT) sector and its tech-driven automotive sector.
• It analyzes 12 key drivers of India's tech sector: semiconductors, consumer electronics, electric vehicles, solar panels, space technology, gaming, IT services, digital payments, ecommerce, social media, music, film, and TV, and telecom services.
• There are market forecasts for each of these segments, and analysis of the leading companies.

Reasons to Buy

• India is an increasingly important market for TMT companies. This report provides invaluable insight into this potentially lucrative theme, including details of the leading companies and market forecasts for fast-growing segments like ecommerce, mobile payments, and video streaming.