India, whose Internet user base is second largest after China, will remain the fastest growing market, according to 'The Future of Internet in India' report by Nasscom and Akamai Technologies.
The report, which was released today, said: technology automation gives hoteliers across categories and size the infrastructure to scale up operations and a competitive edge in the market.
In his interaction with Google officials, the Prime Minister talked about his favourite concept called 'JAM' where the 'J' stands for the Jan Dhan Yojana, the 'A' stands for the Aadhaar platform and the 'M' stands for mobile governance.
Foreign entities, desirous of operating as OPGSP, will have to open a liaison office in India with the approval of the Reserve Bank before operationalising the arrangement with any bank.
Existing investors Temasek, BlackRock, Myriad and Premji Invest also participated in the latest funding round, Snapdeal said in a statement. The company had raised more than USD 1 billion, from investors including Softbank (USD 627 million) and iconic business leader Ratan Tata (personal investment).
Addressing a meeting of Internet Governance Forum-USA, Novelli said Prasad stressed the idea that multi-stakeholderism should embrace all geographies and societies
The country's e-tail market is expected to grow 10 times from its current level to USD 50 billion by 2020, primarily driven by better Internet penetration and higher incomes.
Increasing Internet penetration and growing preference for online shopping is expected to push the digital commerce market to over Rs 1 lakh crore this year, a report said on Wednesday.
While investors gave the e-commerce sector a thumbs-up, logistic and technical hurdles saw customers giving it thumbs-down on several occasions.
With number of internet users on mobile phone increasing manifolds, e-retailers are eyeing the platform to boost sales in the long-run.