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BBCNEWS Talking Business June 4, 2024 16:51:00

Markets in the world, you own a majority of flipkart that s the biggest online retailer there. is the indian consumer spending as much as you d hoped? yeah, india is an amazing market. in fact, i m going there next week. it is 1.4 billion people, an average age of about 28. growing middle class and increasing digital adoption. i think what we re seeing, both of our businesses there, we have two businesses. we have a flipkart business, which is a online marketplace business, and we have phonepay, which is the market leading payments business there. both have done incredibly well since we made the original investments about five years ago. and what s interesting to me there, and a bit of an insight onto the world, is the way that that country is digitising. set out from some of the actions that the government took quite a while ago to say that they would become more digital as a country and digitise their citizens there as well. ....

Force India , Indian Subcontinent , Consumer Spending , Flipkart That , 1 4 Billion , Flipkart Business , Middle Class , Payments Business ,

BBCNEWS Talking Business June 4, 2024 10:51:00

To operate effectively, efficiently, and still be able to produce great quality products which customers want. judith, let s look at india. i mean, one of the biggest markets in the world, you own a majority of flipkart, that s the biggest online retailer there. is the indian consumer spending as much as you d hoped? yeah, india is an amazing market. in fact, i m going there next week. it is 1.4 billion people, an average age of about 28. growing middle class and increasing digital adoption. i think what we re seeing, both of our businesses there, we have two businesses. we have a flipkart business, which is a online marketplace business, and we have phonepay, which is the market leading payments business there. both have done incredibly well since we made the original investments about five years ago. and what s interesting to me there, and a bit of an insight onto the world, is the way that that country is digitising. set out from some of the actions that the government took ....

Let S Look At India , Force India , Indian Subcontinent , Consumer Spending , 1 4 Billion , Flipkart Business , Payments Business , Middle Class ,

BBCNEWS Talking Business June 4, 2024 23:51:00

Since we made the original investments about five years ago. and what s interesting to me there, and a bit of an insight onto the world, is the way that that country is digitising. set out from some of the actions that the government took quite a while ago to say that they would become more digital as a country and digitise their citizens there as well. that has enabled this online mobile connectivity to be greater than probably anywhere else we ve seen at the speed that it s been sort of kind of created. that means that for us, india is an incredibly important long term market as well. and it may be one of the only markets in the world which generation skips from modern retail as it moves from informal and online sits next to the informality of some of the markets, moms and pops stores that are there. let s talk about another gigantic market, and that, of course, is china. i mean, you ve got more than 400 stores there as well as online. but again, i m wondering, ....

Force India ,