According to the Organization for Economic Co-operation and Development (OECD), India is the 15th in the world in terms of total venture capital/private equity (VCPE) investments received in 2015, with the US in the top spot. These are 10 trends that will propel India into the top 10 in the next five years.
The $87 billion invested between 2000 and 2014 in 2G and 3G has led to a surge in the telecommunications sector from $14 billion (1.9% of India’s GDP) in 2005 to $118 billion (6.1% of India’s GDP) in 2014.
Source credit: TRAI annual report 2013-14
$35 billion has been invested in 4G LTE. NASCOM is forecasting that telecommunications and new age industries (such as ecommerce) will create 7.7 million new jobs by 2020. According to McKinsey Global Institute, the broadband investment could increase the Indian economy by three to six times by 2022.