India's digital leap offers multi-trillion-dollar opportunity

THERE is a multi-trillion-dollar opportunity brewing in India, and the catalyst is digitisation. The Indian government has embarked on formalising the economy on a grand scale. This is being aided by the rapid advancement in technology. This gives increased confidence in India's long-term economic and market growth expectations.

There will be some near-term teething issues as the sub-continent implements big reforms, essentially changing the way that business is done in the country. But a visible pick-up from 2018 is expected, and that will lead to :

What is driving this move? There are two foundations which are driving digitisation - the so-called JAM trinity and implementation of Goods & Services Tax (GST).