India’s digital economy nears $1 trillion mark, driven by IPO boom

TV BRICS
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India’s digital economy is rapidly expanding, nearing a value of $1 trillion and driven by a booming initial public offering (IPO) market that accounted for more than 30 per cent of global listings in 2024, according to IANS, a partner of TV BRICS.

India’s market represented 31 per cent of the world’s IPO volume last year, raising $3 billion in total fundraising. Fueled by strong investor engagement and a rapidly evolving startup ecosystem, the country is on track to reach a market capitalisation of $13 trillion by 2030.

The IPO sector saw over 330 listings in 2024, highlighting the growing confidence of global and domestic investors.

India’s startup landscape, which includes more than 100 unicorns and a growing number of soonicorns, is evolving beyond rapid growth. Startups are now focusing on profitability, premiumisation, and omnichannel strategies.

Rural commerce is also emerging as a key driver of investment, propelled by improved accessibility and growing consumer aspirations. Furthermore, the business-to-business (B2B) sector is undergoing a transformation, with technology-led supply chain innovations creating new global opportunities.

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