‘India will play a critical role in the evolution of the global app ecosystem’ – 25 quotes on India trends and opportunities

By Madanmohan Rao
October 20, 2022, Updated on : Thu Oct 20 2022 02:28:50 GMT+0000
‘India will play a critical role in the evolution of the global app ecosystem’ – 25 quotes on India trends and opportunities
From local innovation to global impact, witness the business shifts in India through these quotes, excerpts and stories!
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Launched in 2014, StoryBites is a weekly feature from YourStory, featuring notable quotable quotes in our articles of this past week (see the previous edition here). Share these 25 gems and insights from the week of October 10-16 with your colleagues and networks, and check back to the original articles for more insights. See our special compilation of quotes related to India’s coronavirus responses here.

1

The Indian market has myriad opportunities that come and go dynamically, which is why well-researched and risk-managed quantitative investment strategies can really flourish here. - Sonam Srivastava, Wright Research


Even at a business-as-usual pace, India will be a $30 trillion-$32 trillion economy when we mark 100 years of independence. - Piyush Goyal, Union Minister of Commerce and Industry


The RBI’s measure has caused disruption among BNPL players, which will impact the market in the short-term. However, the overall growth in the market will continue to rise. - Nikhil Reddy, GlobalData

We’ve had a great start to the festive season this year that is largely driven by buoyant consumer sentiment and strong demand for credit options like EMIs. - Lizzie Chapman, ZestMoney

As is evident from recent Indian startups' IPO market performance, a poorly timed one can be difficult to overcome. - MobiKwik


India is currently experiencing a funding slowdown which is expected to continue for the next 12-18 months and the effects of the funding slowdown are expected to intensify going forward. - Neha Singh, Tracxn

2


Today, more parents are looking for high-quality natural baby care products. - Rishu Gandhi, Mother Sparsh


Today, plant-based alternatives are relevant to those who have turned vegan and are actively understanding their food choices. But a large part of India is still not familiar with this category. - Simeran Bhasin, Licious


Doctors are not only facing a rise in medico-legal cases, they are also increasingly being subjected to physical violence in work settings even when they are not at fault. - Nitendra Sesodia, Thieme


Earlier, silver jewellery was more associated with heavy ethnic pieces, but in the last few years, we have seen minimalistic designs being made in silver, making it affordable for daily wear. - Chinu Kala, Rubans

Startups generally don’t get into materials development programmes. We need to succeed so that it encourages other similar startups to come up in India. - Ravi Kumar, CeraTattva

The renewable energy sector is anticipated to employ over a million people by 2030, with new opportunities in infrastructure development, low-carbon manufacturing, and other segments. - Siddhi Desai, Navitas Solar


E-hailing autos are thriving in Bengaluru because of the value it brings to drivers and riders, who prefer it because of the upfront pricing, the lack of haggling and the safety features that come with the app. - Uber


India will have more than 200 million workers as part of the gig, and formal temp-staffing by 2029. - Kusha Kohli, KarmaLife

4


The girl child is making a serious impact on the sporting diaspora. This is inspiring for future generations. - Shishir Hattangadi, MyySports


It is common knowledge that already a girl child, primarily in rural areas and semi-urban areas, has a lot of difficulties to face. - Justice Sudhanshu Dhulia


Performance-related stress, where the woman is expected to take lead in all activities to successfully complete a ritual, can hamper and play with their mental wellbeing. - Roma Kumar, Emotionally

It’s unfair that women have to do all the chores while everyone else celebrates. It’s especially challenging for working women. - Shweta Papriwal, JM Financial

There are so many startup and entrepreneurship programmes tailored for women [in Kashmir], and also events that provide you with spaces where you can exhibit your product. - Malika Shah, Masha by Malika

7


A state-level committee will be constituted in Madhya Pradesh to provide facilities to the entrepreneurs from SC, ST communities. - Shivraj Singh Chouhan, Madhya Pradesh Chief Minister


India’s digital lending market has grown rapidly and facilitated $2.2 billion in digital loans in 2021-22. - Naveen Malpani, Grant Thornton Bharat

The world is looking at India for creating UPI, a fintech product that changed the way Bharat transacts. - Paavan Nanda, WinZO

Especially for higher grades, i.e. 9 to 12, there is a massive potential of penetrating through offline-online hybrid models [in education]. - Vamsi Krishna, Vedantu


The increase in internet penetration and growing consumer appetite for purchasing fashion online have shaped the Indian fashion ecommerce landscape. - Ayushi Gudwani, FS Life


Influencers know their worth. If they have seen a significant growth in their following and engagement in the last one year, they are quoting commercials for the festive season accordingly. - Abdul Saud Siddiqui, Optiminastic Media

3


The rapidly expanding domestic market promises opportunities in ecommerce, logistics, healthtech, web technologies, and digital entertainment. - Rahul Nainwal, Runway Incubator


India is well placed to enter the Metaverse in the biggest and the most impactful way, and it will happen through tech, creativity, culture, and commerce. - Farheen Ahmad, Interality


From leading in app adoptions to emerging as a large global developer hub, India will play a critical role in the evolution of the global app ecosystem in the coming decade. - Aditya Swamy, Google Play


YourStory has also published the pocketbook ‘Proverbs and Quotes for Entrepreneurs: A World of Inspiration for Startups’ as a creative and motivational guide for innovators (downloadable as apps here: Apple, Android).


Edited by Megha Reddy