A nice article that captures many of the current growing sectors in India.
Originally posted on Gigaom:
If there’s one thing acting as the pulse behind the growing entrepreneurial spirit in India’s cities, it’s the rise of the Indian middle class. With India’s GDP growth rate of 7 to 9 percent over the past couple of years, an increasing amount of India’s 1.2 billion population are willing to buy goods online, consume mobile data and text messaging, and expect more electricity from a more reliable grid (and some of that from clean power). Just look at this stat: India is adding 20 million cell phone users every month according to The Climate Group.
India’s growing middle class will likely want many of the same things we have in the U.S. That idea has led to the launch of practically a dozen startups and big companies looking to be the Groupon (s grpn) for India. This population will also want to one day consume as much electricity as we do in the U.S. That energy consumption growth, along with China’s, will be a serious contributor to climate change.
But the more important aspects to understand about the growing Indian middle class and the emerging ecosystem of Indian entrepreneurs are the nuanced differences required to create successful, disruptive startups and game-changing services in India. In some ways the next-generation of Indian mobile, Internet and cleantech markets will actually leapfrog those in the U.S., because there’s less legacy infrastructure in place.