Read Also: Zomato’s hot plateUnlike China, where online usage is much more developed, many of India’s 625 million internet users are just dipping their toes into the world of video streaming, social networking and ecommerce. Tech startups in India are still paying to build supply chain and delivery networks. The clampdown is expected to continue, as regulators curb the power of internet companies and wrest back control of user data. Indian tech companies “can attract global investors who’ve burnt their hands in Chinese tech companies," said Nilesh Shah, group president and managing director at Kotak Mahindra Asset Management Co. in Mumbai. “Global investors see the potential upside in India’s huge, under-penetrated market and capital flows have multiplied 10 times."

Source: Mint July 18, 2021 01:07 UTC