Some notable research snippets of the week
India Internet: Powerful watershed unfolding (Elara Capital) India’s digital neural networks are set to step into self-regulated, self-taught proliferation zone, led by the second largest digital consumer base globally (800mn+ internet users), massive government impetus and keen private innovation. Thus, reportedly, India’s digital economy is forecasted to snowball into USD 800bn by 2030, growing 2.4x faster than its economy in FY14-19 (source). And MSMEs, the key brace structure of the economy with 26%+ GDP contribution in FY22, have sharply stepped digitisation pace. MSME digital penetration should grow 6x in FY20-25, as per Redseer. Expect plays such as Indiamart (INMART IN)/Justdial (JUST IN) that offer direct play on MSME digitisation, to set the pace for such progress and in turn benefit. MSME business dynamics are seeing a paradigm shift, led by nuanced policy support and post-Covid recovery. Improving MSME credit growth, manufacturing revival, supportive government/RB...