Driven by over 500 million Internet users, India has set the stage to become a trillion-dollar digital economy by 2025. A recognized technology powerhouse, the country boasts of a thriving e-payment ecosystem and the world’s largest digital identity program Aadhaar.
According to a McKinsey report, the Indian IT industry is expected to touch the $300-$350 billion revenue mark over the next five years, growing 10% a year. This growth will come primarily on the back of digital services, which currently account for 30% of the industry revenue.
As the COVID-19 pandemic wreaks havoc on the economy, the tech-driven ecosystem has taken centre stage not just in business continuity but also in leading the recovery from the COVID pandemic. Tech is now accelerating fundamental shifts in business parameters and business models globally. Banking and payments are among the core areas that have witnessed a surge in digital adoption along with healthcare, retail, education, and agriculture among others.
While the ‘digital’ approach has been the talk of the town for quite some time, the pandemic has drastically augmented the pace of the adoption of digital technologies.
The post-COVID world is going to witness an exponential rise in disruptive business models, emergence of new delivery mechanisms, and the increasing influence of the remote workforce on the industry – all of which will serve to encourage all business enterprises to reimagine and reinvent future trajectories of growth.
The Tech India Transformation Convention 2021 seeks to bring together all the stakeholders across the industry on one platform to deliberate on the industry’s trends, areas of growth and innovation, disruptive business models, and a future course of action to better navigate and adapt to the next normal.