“If you look at India’s GDP and if you look at how the economy is growing, it has taken us 60 years to reach a GDP of a trillion dollars; the Indian economy has attained this feat in 2007. Today, we are close to about four trillion dollars. In the next six - seven years’ time, we are going to be basically a seven trillion dollar economy, with $500 billion GDP getting added to the economy every year. We have seen different phases of the internet – there is the democratic internet in the US, a siloed based internet in China and we have seen a mix of both the internet in Europe. In India, we have operated at a population scale. Till 2023 December, $12 billion transactions happened through UPI alone, which is 12.83 lakh crores in Rupees. IT spending is also increasing. What was last year about $245 billion is going to increase to $500 billion in the next five years. We cannot even imagine how this country is going to impact our business. If you look at the startup environment, around 114 startups in the country have become unicorns. It took us 26 years to get to a unicorn status. The rate of innovation that is happening in technology is amazing. But we need to look internally and standardize ourselves. The public sector, the government sector, SMBs/SMEs, micro enterprise - everything has a very positive outlook. Having said this, how do we look at these indicators and exponentially grow? Before we actually start thinking about our strategies, we need to start looking at how we define ourselves. Every organization has a narrative and has the 3W’s and an H - what they do, why they do, where they do it, and how they do it. And if you don't have that, I would really urge you to do a bit of brainstorming on these questions. Once you have those answers, you also need to start believing in them.”
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