With more than 1.3 billion citizens, India is set to become the world’s largest population. Half is under 35 years old and almost 500 million are connected to the Internet, establishing the country as a dynamic place for innovation and a true inspiration for the world. One out of four software developers in the world is now based in India, surpassing the USA this year.
India is also an aerospace powerhouse, having successfully launched 104 satellites in a single flight. TeamIndus, one of the five teams selected globally by the Google Lunar XPRIZE competition, is building a spacecraft that will land on the moon later this year. We will have the opportunity to meet them during our next session in India.
Discover one of the fastest growing hubs for digital innovation, which is boosting the Indian economy through Biometrics, E-commerce, FinTech, EduTech, HealthTech, Smart Cities and Entertainment & Media.
Join us for our four-day session, explore the region from Bangalore to Mumbai and discover these hot topics from 13 to 17 November.
Initiated in 2010, Aadhaar is the largest fingerprints and irises database in the world. Nearly 9 out of 10 Indians have registered, each assigned a unique 12-digit number serving as a digital identity that can be verified with the scan of a thumb or an eye. Designed as a showcase of India’s technological prowess, this unique key also serves as a bank account enabling all Indians to pay taxes, collect pensions and obtain certain welfare benefits. Thanks to Aadhaar, India has massively reduced corruption but is also facing the risks of stolen identities and mass surveillance of its citizens.
The Indian online retail market was the fastest growing in 2016 and is poised to reach $64 billion by 2021. But e-commerce in India is still at risk because of a fierce competition, increasing the cost of customer acquisition. It’s also facing big challenges especially outside the big cities due to low smartphone penetration, skepticism about e-payments, digital illiteracy, poor transportation facilities and language constraints.
Have you heard of demonetization? India is one of the first countries to make bigger denomination notes invalid overnight, but will India become the first cashless society in Asia? Along with infrastructure including biometrics and a unified payments interface (UPI) to simplify money transfers, FinTech and financial services are now converging through key emerging technologies.
In India, where mobile penetration has reached a billion people with almost 500 million connected to the Internet, EduTech companies hold immense potential to digitally educate the masses and facilitate access to high quality school education. With 1.5 million engineers graduating every year in the country, the opportunity is unprecedented.
Lack of access to good Healthcare is a massive problem in India, which has an acute shortage of doctors and hospitals, especially in second and third tier cities and rural areas. Having said that, India also has the highest number of medical doctors with deep knowledge and varied expertise. Tech can play a big role in mitigating the problem. With the government planning to spend 2.5% of the GDP on Healthcare, Indian health startups are set to reap the benefits of this policy initiative.