Investor Presentaiton
STEEP analysis - favourable factors facilitating growth (1/2)
Social
• India's working age population
has been on the rise. In 2020, the
share of the working age
population of India (15-64 years)
stood at 67 per cent¹
• The country has entered the
transition period of advancing
growth potential, resulting from
the shift in the population age
structure which could last until
2055.
• This could add economic
advantage to the country in the
form of larger employment,
higher production and overall
development.
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• Increasing penetration of
internet is leading to
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more connected
ecosystem, driving
adoption across
geographic tiers. Also,
rising internet usage with
more internet users in
Indian villages than in the
cities is creating more
exposure to rural areas.
According to a recent
study, rural areas have 20
percent more internet
users than urban cities.2
IIIIII
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Technological
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• Digital transactions within the country are rising at a fast pace.
According to the Reserve Bank of India (RBI), transaction volumes
and values have been booming for debit and credit cards over the
past five years. India recorded 48.6 billion real-time payments
through 2021, which is 2.6 times higher than China. India has the
highest fintech adoption rate of 87 per cent as opposed to the
global average rate of 64 per cent.³
• Deployment of advanced technologies such as artificial
intelligence, robotics, blockchain, among others, is being done in
a wide range of industries. India has been developing key
technologies and implementing its usage across business lines.
This is helping India place itself among the countries with a
robust technological infrastructure
• Overall, 30,074 patents were granted in 2021-22. Additionally,
Technology patents granted in India increased to 28,391 in
2020-21 from 7,509 in 2010-11.4
• Country's startup environment has expanded substantially in the
recent years. A surge in technology adoption and increased
venture capital inflow is driving the spike in startup formation.
• India has seen an exponential growth within the startup
ecosystem, with the government recognised startups growing
from 730 in 2016 to approximately 21,000 in 2021.5 IT services,
healthcare and life sciences, education, were among the top
emerging industries in 2021.
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1. India: Age distribution from 2011 to 2021, Statista, accessed in July 2022
2. Rural India has 20 percent more internet users than urban areas, Mint, May 2022
3. India Tops The World In Real-Time Payment Volumes In 2021, Inc42, 2021
4. India records 572% growth in grant of Patents in last 7 years, PIB, August 2021
5. Startup India Scaling New Heights, Government of India, June 2021
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