Amit Sharma of  ShopX, Mithun Sacheti of CaratLane, Ritesh Agarwal of OYO Rooms,Vaibhav Aggarwal of FabHotels, Deepinder Goyal of Zomato & Amit Raj & Anshul Gupta of BOX8 are in the race for the prestigious Indian Affairs Innovative Digital Entrepreneur of the year 2018 at ILC Power Brand Awards 2018

Indian Affairs Innovative Digital Entrepreneur of the year 2018

  1. Amit Sharma,CEO & Founder, ShopX
  2. Mithun Sacheti, CEO, CaratLane
  3. Ritesh Agarwal,Founder & CEO,OYO Rooms
  4. Vaibhav Aggarwal,Founder & CEO, FabHotels
  5. Deepinder Goyal, Founder & CEO, Zomato
  6. Amit Raj & Anshul Gupta,Co Founders, BOX8 (Poncho Hospitality Private Limited)

Indian Digital Entrepreneurs have made stupendous progress over the last few years despite many critical challenges. The rise of innovative entrepreneurs in building startup has been truly remarkable. The sustainability however is a big challenge as many complex issues pose biggest threats. India Leadership Conclave 2018 has shortlisted six names in the finalists for the coveted Indian Affairs Innovative Digital Entrepreneur of the year 2018 at the 9th Annual India Leadership Conclave & Awards to be held in July 2018.

The Digital India had empowered more and more young entrepreneurs to build innovative solutions and start their own venture for both Indian and global audience. This programme helps the new and experienced entrepreneurs to know about the tits and tats of the global market. The global reach of the Indian companies is eventually elevating the growth rate of the country.According to analysts, the Digital India plan could boost GDP up to $1 trillion by 2025. It can play a key role in macro-economic factors such as GDP growth, employment generation, labor productivity, growth in number of businesses and revenue leakages for the Government. India and most developing countries are in a unique situation today. Their economies have only partially been industrialized. Agriculture and traditional rural economy still dominate. Higher education and even literacy is not universally accessible.But, the digital infrastructure of the most developed nations in the world is being rapidly established in these developing countries, especially India. Today, the Indian retail sector largely consists of individual mom-and-pop stores for all kinds of goods and services, replicated in every neighborhood in India. These stores provide everything that is needed by the “walkable” neighborhood. And everyone lives in essentially sustenance mode. Nobody makes too much money, but nobody starves, either.

Whether you are in a small town, a mid-size town, or a suburb of a metropolitan town like Mumbai, this model is replicated. This model has been optimized over hundreds of years, and consequently has been commoditized to its most efficient state.

As per the World Bank report, a 10% increase in mobile and broadband penetration increases the per capita GDP by 0.81% and 1.38% respectively in the developing countries. India is the 2nd largest telecom market in the world with 915 million wireless subscribers and world’s 3rd largest Internet market with almost 259 million broadband users. There is still a huge economic opportunity in India as the tele-density in rural India is only 45% where more than 65% of the population lives. Future growth of telecommunication industry in terms of number of subscribers is expected to come from rural areas as urban areas are saturated with a tele-density of more than 160%.Digital India, the flagship programme of India Government to usher in a digitally empowered society and knowledge economy, is expected to provide an incremental growth of 30% to GDP growth by 2025.