Big tech companies are growing faster in India than their global growth rate. Over the last four fiscal years, Apple India, Google India, and Facebook India have been performing better than their global counterparts.
Regarding the future of these companies in India, Sanchit Vir Gogia, Chief Analyst & CEO at Greyhound Research, said, “The markets are doing good; the government policies are very favourable for pent-up demand, and the consumer sentiment is doing extremely well. It’s all bullish from here. In the next decade or so, we will see a ton of growth from varied segments of the country, and these segments will want hardware, software, and much more. Broadly, there will be a robust demand from here for India for the next decade or so.”
When asked about the seemingly staggering trends of growth in India, the expert attributed the trend to an increase in expenses and policy compliance. “From a long term perspective, no technology company should fail to do well in theory in India, as long as it complies with government policy and aligns with consumer sentiment,” said Gogia.
The Hindu Business Line
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