India is home to 105 unicorns with a total valuation of $ 338.50 B; 19 of these were added to date in 2022. In contrast, France created one unicorn in the last 2 years. Despite this euphoria, we do not fully understand or appreciate the far-reaching impact of the tech industry on India's development march.
Apart from being a $200B industry ($178B exports), tech changed the fabric of the nation:
- Diversity and inclusion - 5M direct employees, 1.8M of whom are women
- Transparency - first to adopt GAAP reporting; setting corporate governance standards
- Inclusive Growth - beyond 11 metros to tier 2, 3 and 4 towns
- Public Digital Infrastructure - Aadhaar, UPI, Co-Win, ONDC, Passport Seva, GST
Harish Mehta, one of the band of mavericks who built this industry, joins us in this episode to give us some fantastic insights. Do record or write in with your feedback.