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Digital economy to further accelerate further in 2022
January 04, 2022
Cryptocurrencies, unicorns, IPOs, super apps, data breaches became a part of drawing room conversations last year, when India’s digital economy boomed.
The year saw legacy conglomerates like Tata and Reliance expand aggressively into the digital space with less acquisitions and launches under Tata Digital and Jio Platforms, respectively.
Several important pending bills and policies across data protection, cryptocurrencies, e-commerce and social media intermediaries were fast tracked. A lot of this was driven by an unprecedented digital adoption of payments, e-commerce, social media, healthcare, education, remote working, and every other possible utility.
In 2022, the digital economy will continue its growth journey, propelled by the listing frenzy of internet start-ups towards the end of last year. The listings have boosted investor confidence in the internet economy space.
Rameesh Kailasam, CEO, IndiaTech.org, told BusinessLine, “Last three years of our efforts with SEBI and government finally took shape in last year with the listing of Indian start-ups in the nation. Two years ago, we had predicted that once this is trigerred, we will see an exponential rise from the average $8-10 billion fund inflow into start-ups to a range of $30-40 billion, as we are seeing right now”.
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