India Will Be a Country with 100 Unicorns IN Five Years, 5 Trillion Dollars Will Help IN Shaping the Economy

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India will be a country with 100 unicorns in five years, 5 trillion dollars will help in shaping the economy

The introduction of Jio’s 4G service has proved to be a game changer for India’s digital revolution. Due to the availability of Internet services at affordable prices, large scale data usage has started. There are 65 million internet users in India who are using 12 GB of data per month.

Unicorn means that the number of start-ups in India can grow rapidly in the next five years with a turnover of over one billion dollars. Last year, 11 new Indian companies won unicorns. Bank of America said in a report on Friday that by the year 2025, their number could be 100. This report also states that due to Reliance Jio’s digital revolution, the Unicorn army has stood up. There are currently 37 units in India.

The report believes that the launch of Jio’s 4G service has proved to be a game changer for India’s digital revolution. Data usage has started on a large scale due to internet services available to customers at affordable prices. There are 65 million Internet users in India, who are using 12 GB of data per month. Unicorn has got its full benefit.Reliance is preparing to launch its Made in India 5G service, it can further speed up this process. Other companies offering internet-based services, including education, food and e-commerce, will hit the stock market in the next few years which will have a wider impact.

Flipkart tops the list in India. Its valuation currently stands at $ 25 billion. In second place is Paytm with $ 16 billion. In third place is education-related company Biose, which has a market value of $ 11.1 billion. India has left many countries behind in the case of unicorn. Even in developed countries like Britain, the number of unicorns has increased from 21 to 24 in the year 2022-23, compared to only 12 in Germany.

According to the report, India is moving towards a five trillion dollar economy and the role of digital ecosystem will be important here. Learning from the Indian market, companies are now entering foreign markets. Bank of America believes that after Ola and Oyo, start-ups like Biose, Jomato, Meso will also be globally famous.

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