Advertisements
Get Ignite
TRENDING
  • Submit Press Release
  • Our Team
  • Editorial Policy
  • Home
  • Crypto News
  • Finance News
  • Gaming News
  • Tech News
  • Tech Guides
  • Editorial
Get Ignite

Next 10 years will be Golden Moment for Indian Economy, says Silicon Valley Capitalist

by Gracia Wales
in Finance News
1 min read
Indian economy growth
13
SHARES
Share on FacebookShare on Twitter

Amidst the ongoing crisis induced by the outbreak of COVID 19 Virus, the Indian Economy is expected to see enormous growth according to a top venture capitalist of silicon valley.

In the next 10 years, key sectors like E-commerce, Pharmaceutical, technology are going to see unprecedented growth and these years will be the ‘Golden Moment’ for these sectors, top capitalist said in an interview indicating towards USD billion foreign direct investment in the country during coronavirus pandemic.

Silicon Valley’s capitalist, entrepreneur, and philanthropist, M R Rangaswami in an interview with PTI said, “Coronavirus is sweeping the world especially the US and India. In spite of that, the amount of investment going into India is mind=bloggling”

In recent months after the outbreak of Covid-19 that impacted business across the world and claimed 6 lakhs lives so far, India has received a foreign direct investment of more than 20 billion USD.

A large share of investment came from the world’s top IT companies. IT includes 10 billion from Google, USD 5.7 Billion from Facebook, USD 1.2 Billion from Walmart, and USD 1 billion from Foxconn.

Advertisements

Referring to these prominent investments, Rangaswami informed that “I think the next 10 years is the golden moment for India to shine; using digital and technology, whether it’s medicine, telemedicine, e-commerce, logistics, In every segment of the market. Whether it’s local grocery shop everything is going to be digital, It is the golden moment that India should seize”.

“There will be many, many more deals this year. You’ll see a lot more companies coming in, a lot more money coming in. A lot more investment” he further added.

While major companies are eyeing on the Indian market and looking for an opportunity to invest, Mr. Rangaswami, considers that leaders and bureaucrats should take a charge now and lead it to success.

get ignite
Gracia Wales

Gracia is a senior writer at Get Ignite, where she covers media and advertising and co-hosts the Original Content podcast. Previously, she worked as a tech writer at Adweek, a senior editor at the tech blog VentureBeat, and a local government reporter at the Hollister Free Lance. She attended Stanford University and now lives in Brooklyn.

Advertisements
Share5Tweet3Send

Related Posts

Google Pay: Your personal data is being stored? Case in Delhi High Court on 14th
Finance News

Google Pay: Your personal data is being stored? Case in Delhi High Court on 14th

IRCTC
Finance News

IRCTC New Website: 10,000 tickets booking every minute

sensex
Finance News

Brexit Trade Agreement: Sensex-Nifty’s new record, reaches new high

Chinese economy
Finance News

Chinese Economy Prepare to Surpass the U.S earlier than anticipated

GDP growth to remain positive in FY21 3rd quarter, faster than expected recovery: RBI bulletin
Finance News

GDP growth to remain positive in FY21 3rd quarter, faster than expected recovery: RBI bulletin

Titan’s second-quarter results: Profit down 38% to Rs 199 crore
Finance News

Titan’s second-quarter results: Profit down 38% to Rs 199 crore

Next Post
alibaba

Alibaba and Jack Ma summoned by Indian court, ex-employee lodges complaint

About Us

At GetIgnite, We aim to bring impartial and accurate news and information about a wide range of topics within the Finance and Technology Field. We are a team of enthusiasts and professionals who work hard to produce a reliable piece of information. We cover a broad segment of the FinTech Industry and attempt to provide updates about changes taking place in this fast-paced world.

Contact Us

Email us at [email protected]

  • Home
  • Crypto News
  • Finance News
  • Gaming News
  • Tech News
  • Tech Guides
  • Editorial
Advertisements
  • About Us
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Terms And Conditions
  • Use Of Cookies
  • Our Team
  • Submit Guest Post

© 2022 GetIgnite. All Rights Reserved.

  • Home
  • Crypto News
  • Finance News
  • Gaming News
  • Tech News
  • Tech Guides
  • Editorial

© 2022 GetIgnite. All Rights Reserved.