Talking about its initiation towards being digital and its impact on the market is tremendous.

Over the course of the last decade, India has laid down the digital infrastructure pipelines - so much so, that today Digital activity has become part of daily lives of over half the country and has enabled India to circumvent the challenges posed by its poor physical infrastructure. 

Be it bank accounts, KYCs, daily transactions, accessing government services, education services, and even COVID vaccinations, all of this is now digitally led in India.

Just to put things in perspective, India has the highest volume of real time payment transactions with over 25 Bn transactions in 2020. China was next at about 16 Bn transactions in 2020!

Pandemic has accelerated growth in the digital space!

Siddharth Mehta former Director Of IL&FS said that "The digital transformation of India is only just accelerating, and we believe the internet economy could grow 10x in 10 years from here on (to get to more than USD 800 billion), resulting in many large businesses accreting significant shareholder wealth. 

The nature and shape of the Indian economy and financial markets will be very different in 2030 than they are today."