India’s digital economy has grown tenfold, hurtling towards the $1 trillion mark on the strength of a buoyant IPO market. According to a Redseer Strategy Consultants report, the nation accounted for 31% of global IPO volume last year, with a total of $3 billion in fundraising.
The report, released at an industry conference, presented India’s ambitious vision of a $13 trillion market capitalization by 2030. The growth is driven by robust investor activity, a good startup ecosystem, and rising retail investor participation.
Startups Redefining Growth
With more than 100 unicorns and a strong pipeline of unicorns, India’s startup ecosystem is witnessing more than exponential growth. Premiumization, profitability, and play omnichannel are becoming high-priority spaces. Median unicorn revenue has tripled since 2021, and many have become EBITDA profitable in FY24.
The arrival of retail investors is changing the market’s complexion, reducing an investor’s average age to below 30 years from 42-44 years earlier. This change in generation is a reflection of increased belief in India’s economic growth path.
IPO Boom and Market Potential
India’s IPO market saw over 330 listings in 2024 and contributed over 30% to global IPO volumes. This reflects India’s increasing size in global capital markets.
At the same time, India’s retail is on the cusp of change, with digital retail set to account for 12% of overall sales by 2030. The report also noted that 350 Indian brands have crossed $100 million in sales, showing a trend where organized players are now entering traditionally splintered segments.
Rural Commerce and B2B Evolution
The countryside market is becoming an ideal investment channel, driven by increasing aspirations and digital connectivity. Meanwhile, India’s B2B sector is experiencing a stealth revolution, as technology-driven supply chains are unleashing world opportunities and fueling sector efficiencies.
Industry Leaders on the Future
During the event, Navi Chairman Sachin Bansal discussed the increasing significance of line managers in shaping workplace culture. He mentioned how various industries prioritize operations differently—financial services emphasize spending on tech, while e-commerce emphasizes logistics and inventory.
Anil Kumar, CEO of Redseer Strategy Consultants, spoke about the shifting Indian business paradigm.
“India’s digital and startup ecosystem is at a crossroads. The next decade belongs to businesses that excel at omnichannel, premiumization, and capital efficiency. Ground Zero is all about equipping founders, investors, and industry leaders with long-term winning understanding,” he added.
As India’s digital economy picks up, its startup ecosystem, IPO market, and changing investment landscape are poised to fuel the next economic transformation wave.
Read Also: India’s Economy to Grow 6.5% in FY26: Crisil Report
