Robust GDP Growth: India's 6% GDP growth projection for FY24 outshines major economies like China (4.7%), Indonesia (5.1%), the USA (1.4%), and the global average (2.7%)
Consumption & Investment Imbalance: High private consumption (60% of GDP) requires a balance with long-term investments
Taxation & Debt Challenges:
- Expanding the Tax Base: Only 1.5% of Indians pay income tax, compared to China (10%) and the USA (43%)
- Debt: India's escalating government debt (90% of GDP) needs proactive management
Micro Perspectives:
Consumer Stratification: India 1, 2, 3 consumer stack
1. 'Mexico': Comprises ~30 Mn households (~120 Mn individuals) with a ~$15K per capita income. This is the primary market for startups
2. 'Indonesia': Encompasses ~70 Mn households (~300 Mn individuals) with a ~$3K per capita income. UPI and AutoPay have been instrumental in unlocking small-ticket transactions from this segment
3. 'Sub-Saharan Africa': A staggering 1 Bn individuals, this segment is pivotal for tailored economic strategies
Digital Transformation:
- DPI as Enabler: Digital Public Infrastructure (DPI) acts as a powerful equalizer. Platforms like Digilocker, Aadhar, and E-KYC India are integral components of DPI, streamlining processes for entities like Zerodha and Jio
- E-Commerce Redefined: E-commerce and q-commerce platforms contribute 10-15% of revenue from ads, becoming advertising powerhouses
Evolving Markets & Investments:
- Public Market Dynamics: DIIs and SIPs play a significant role in sustaining the stock market amidst FII volatility. DIIs ($22Bn) have surpassed FIIs ($21Bn) in 2023
- SpaceTech Boom: SpaceTech investment surged to $120Mn in 2023 from $6.2Mn in 2019, fueled by ISRO initiatives and government support
- Fintech Innovations: Personal loans have grown 12x by volume (though only 3.5x by value) since FY18, indicating a focus on small-ticket lending. This has been led by NBFCs (82% of all loans)
India's Diaspora Effect: India's vast diaspora (2nd largest in the US) contributed to remittances of $125Bn+ in 2023. India stands at 4.4% of global services exports vs. 1.8% in goods exports with a 6.8% global IT market share
Private Markets:
Venture Funding Deceleration: Venture funding has plummeted to pre-2017 levels, reaching only $11Bn in 2023 compared to the $40Bn peak in 2021. India remains the 4th largest venture market globally but at 1/4th of its 2021 levels
Stage-Specific Impact: Seed halved, early and late-stage funding fell by 2/3rd
PE vs VC: India's PE market ($11Bn) is relatively close in size to China's ($7Bn), while India's VC market ($8Bn) is significantly smaller than China's ($38Bn). Indian PEs have demonstrated consistent exits as compared to VCs. Capital Invested vs Exit ratio for PE is 2X vs 0.5X for VC
I am facing a bit of dilemma over here. I also have tried to ignore "take this test and then we'll talk" approach but turns out I have missed quite a few good opportunities. Need to change my strategy a bit? I think yes
I have visited these two. Many people find Dwolla documentation good and its surprising. They have documentation which is very very verbose. Which has many advantages but also has it own shares of disadvantages. But yeah your help is very much appreciative. Thanks. Any other documentation? (*'market-developer' friendly)
I agree with the disjoint part of Twilio docs. I had used to integrate SMS in my product. They have awesome Customer-Support which covers their 'not so good but not so bad' documentation. And for rest all points I have exactly been through the same route.
Guys i have used clevertap in my 2 apps and was sad to see the lag in my traffic. But now because of this blog i know why was the lag. Anyways you guys are doing some really awesome work and very well i must say.
This article is very insightful though and i will postpone switching to wiredtiger till stable version release.
Robust GDP Growth: India's 6% GDP growth projection for FY24 outshines major economies like China (4.7%), Indonesia (5.1%), the USA (1.4%), and the global average (2.7%)
Consumption & Investment Imbalance: High private consumption (60% of GDP) requires a balance with long-term investments
Taxation & Debt Challenges: - Expanding the Tax Base: Only 1.5% of Indians pay income tax, compared to China (10%) and the USA (43%) - Debt: India's escalating government debt (90% of GDP) needs proactive management
Micro Perspectives:
Consumer Stratification: India 1, 2, 3 consumer stack
1. 'Mexico': Comprises ~30 Mn households (~120 Mn individuals) with a ~$15K per capita income. This is the primary market for startups 2. 'Indonesia': Encompasses ~70 Mn households (~300 Mn individuals) with a ~$3K per capita income. UPI and AutoPay have been instrumental in unlocking small-ticket transactions from this segment 3. 'Sub-Saharan Africa': A staggering 1 Bn individuals, this segment is pivotal for tailored economic strategies
Digital Transformation:
- DPI as Enabler: Digital Public Infrastructure (DPI) acts as a powerful equalizer. Platforms like Digilocker, Aadhar, and E-KYC India are integral components of DPI, streamlining processes for entities like Zerodha and Jio - E-Commerce Redefined: E-commerce and q-commerce platforms contribute 10-15% of revenue from ads, becoming advertising powerhouses
Evolving Markets & Investments:
- Public Market Dynamics: DIIs and SIPs play a significant role in sustaining the stock market amidst FII volatility. DIIs ($22Bn) have surpassed FIIs ($21Bn) in 2023 - SpaceTech Boom: SpaceTech investment surged to $120Mn in 2023 from $6.2Mn in 2019, fueled by ISRO initiatives and government support - Fintech Innovations: Personal loans have grown 12x by volume (though only 3.5x by value) since FY18, indicating a focus on small-ticket lending. This has been led by NBFCs (82% of all loans)
India's Diaspora Effect: India's vast diaspora (2nd largest in the US) contributed to remittances of $125Bn+ in 2023. India stands at 4.4% of global services exports vs. 1.8% in goods exports with a 6.8% global IT market share
Private Markets:
Venture Funding Deceleration: Venture funding has plummeted to pre-2017 levels, reaching only $11Bn in 2023 compared to the $40Bn peak in 2021. India remains the 4th largest venture market globally but at 1/4th of its 2021 levels
Stage-Specific Impact: Seed halved, early and late-stage funding fell by 2/3rd
PE vs VC: India's PE market ($11Bn) is relatively close in size to China's ($7Bn), while India's VC market ($8Bn) is significantly smaller than China's ($38Bn). Indian PEs have demonstrated consistent exits as compared to VCs. Capital Invested vs Exit ratio for PE is 2X vs 0.5X for VC