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Investor Presentaiton

Multiple Tailwinds to Drive India's Low e-commerce Penetration Higher Large Economy with High Growth Forecasted¹ Largest Young Population³ to Drive Digital Adoption 2021 2022 2024 8.7% 6.8% 6.8% 44% 49% 7% 29% 59% 12% 8.4 % 3.0% 4.5% 5.4% 2.7% India to Become $5 Trillion Economy by 20262 ~142 Million Additional Middle-Income Households by 20304 54% ~158 2018 2.5% 31% Internet Users 78% 311 (In Millions)5 92% ~300 2030 Share of Middle-Income Households in overall population makemytrip goibibo redBus 52% Age 0-24 Age 25-64 Age 65+ 2nd Largest Base of Internet Users5 1050 73% % of Total Internet users to total poulation 7597 17% 1.4 Billion 50% Internet Users in India by 20305 3 Source: ¹IMF World Economic Real GDP Outlook January 2023, 2Government of India estimates ³CIA World Fact book 2022 estimates, "World Economic Forum (January 2019), 5Statista estimates as of July 2023, 6World Bank Data, IAMAI Report (May 2023)
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