India’s digital economy surges towards US$1 trillion
India’s digital economy has expanded tenfold, rapidly approaching the US$1 trillion milestone, driven by a booming IPO market that contributed over 30 per cent of global listings in 2024, TV BRICS reports.
According to IANS, India accounted for 31per cent of the world's IPO volume last year, raising US$3 billion in total fundraising. The country is on track to reach a market capitalisation of US$13 trillion by 2030, fuelled by strong investor engagement and the rapid evolution of its startup ecosystem.
With more than 100 unicorns and a growing pipeline of soonicorns, India’s startups are transitioning beyond hypergrowth, focusing on profitability, premiumisation, and omnichannel strategies. The IPO sector saw over 330 listings in 2024, highlighting the increasing confidence of global and domestic investors.
Rural commerce is emerging as a key investment driver, propelled by improved accessibility and growing consumer aspirations. Additionally, the B2B sector is undergoing a quiet transformation, with technology-led supply chain innovations creating new global opportunities.
Kazinform reported previously that Prime Minister Narendra Modi has announced the establishment of India’s second National Gene Bank, a major initiative aimed at preserving the country’s rich genetic resources and ensuring long-term food security.
