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India to add USD 2.5 Trillion to economy in next 7-8 years: Vijay Shekhar Sharma, PayTm

22-January-2018
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India to add USD 2.5 Trillion to economy in next 7-8 years: Vijay Shekhar Sharma, PayTm

India is one of fastest growing economies today, if we particularly talk about the growth digitally.

Speaking on how India is going to add USD 2.5 trillion to the economy in the next 7-8 years, especially digitally, Vijay Shekhar Sharma of Paytm strongly emphasized on the Make In India initiative, stating that this is actually the right time to create an Indian model which would be the envy of the world.

Recalling the days of his struggle and quest to build Paytm, Sharma said, “My company did 255 million transactions last month and would achieve 14 billion gross merchandise value this ongoing fiscal.”

Sharma, who brought about a revolution in the digital payment ecosystem, lauded the government’s initiative on the economic front, stating, “In the next seven years between 2018 and 2025, India would add USD 2.5 trillion to the economy and the digital industry would contribute a substantial amount to this growth.”

Sharma in particular noted the accomplishments of other big players of the digital industry namely Flipkart founders Sachin and Binny Bansal.

“E-commerce companies like Flipkart have also played a major part in changing the country’s ecosystem as it looks today,” added Sharma.

Sharma was speaking at the IAMAI Indian Digital Summit.

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