Estonia has lessons for India’s digital economy
India must resist a regulatory culture that is suspicious of foreign competitors and believes that success must be indigenous
In the next three years, India will add more than 300 million new mobile subscribers—and, by 2025, it is highly likely that the country will be the largest mobile market in the world. Like other countries in Asia, India is developing a “mobile-first" digital culture, with smartphones fuelling a boom in e-commerce and other forms of business. It is countries like South Korea that today lead the world’s move into online entertainment, but these countries may soon be surpassed by India. With a rapidly growing middle class, and a young, tech-savvy population, online personal services are about to take a big jump and international companies are ready to radically increase their investment in India’s digital economy. Just as many Indian information technology (IT) service companies have become global leaders, there is a good chance that the next decades will see new Indian entrepreneurs shaking up the global digital economy.