Mark Zuckerberg, CEO of Facebook at the ‘Partnership for Digital India’ program, said the company launched on WhatsApp last month. This was easy to do because of the UPI system and 140 banks. India became the first country to do so.
At the same time, the country’s richest man, Mukesh Ambani, said India will be one of the world’s top three economies over the next two decades and that per capita income will double. “India’s middle class, which accounts for about 50 percent of the country’s total households, grows three to four percent a year,” he said in a conversation with Facebook chief Mark Zuckerberg.
“I believe India will be ranked among the top three economies in the world over the next two decades,” said Ambani, head of Reliance Industries Ltd. Even more important, the country will become a major digital society, run by young people. Our per capita income will increase from 1,800-2,000 USD to 5,000 USD, ”he said. Ambani said Facebook and many of the world’s companies and entrepreneurs have a golden opportunity to do business in India as part of this economic and social change.
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