In a very good article, CNN business editor Rishi Iyengar explains why the future of the Internet is taking place in India and why the Internet is so important for India's development: "The reality is only 30% of India's market is online today. The real India that needs the internet, that can benefit from the internet is not yet online, in many ways we are in day zero of the Indian internet." India is leapfrogging and already became a mobile only, video first and voice country. India is already by far the most important country for Whatsapp and Facebook, Google and Netflix. Giants like Amazon are trying to open up the Indian market in time with massive investments.
Even if none of these companies are of Indian origin, they help to build the ecosystem that is important for India and the basis for our AECAL investment strategy.