Siddharth Mehta bay capital on Digitalisation and its growth in India

Siddharth Mehta IL&FS former director and founder of Bay Capital, has spoken on the on the Digitalisation and its growth in India. According to him it will grow more and more in the coming future. According to him the demonetization and pandemic have played an important role in bringing out the Fintech in the limelight.

Demonetization and Pandemic has laid a great emphasis on cashless drive economy and the Fintech companies played a key role in this. “Digital transformation of India is accelerating and it is tend to grow 10x in 10 years from here, to achieve about $800 billion, resulting in many large business” said Siddharth Mehta founder and CIO of Bay Capital.  

“Digitalization connects families” said Siddharth Mehta founder and CIO of Bay Capital.  We can understand this by; it is easy to transfer money among the family members any time in digital form rather than visiting the bank. Since he is the investor in digital India so he also advices other investors to invest on digital India. The evolution or growth of the Fintech companies have just begun. Their core role and development and success only begun from demonetization and pandemic. From ease of business operation to providing ultimate customer experience or user experience has formed the pillar of success or boom for them.

Indian government was laying emphasis on the digitalisation from past few years but the actual implementation can only be seen during the pandemic period. The pandemic has actually accelerated the usage of internet and smartphones which has eventually led to Digital India. Since these things has grab the eyes of Siddharth Mehta IL&FS (former director) and founder of Bay Capital who then make his mind to invest in it. He hasn’t decided for investment overnight. He has observed the market growth in a micro way and seen the optimistic growth or surge in the market. He then after the close observation and futuristic view of this, then decided to invest in it.  He believe that Indian market will have more and more growth digitally and we can see internet or digital ecosystem turning out in much larger part of the Indian economy or market.

 

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