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Here's how digitisation could be India's key growth engine

The entire global economy is getting much more digitised and the stage of the cycle we are currently in, is particularly beneficial for emerging markets such as India, said Ruchir Sharma.

By Shereen Bhan Sept 24, 2021 7:19:24 PM IST (Updated)

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Global investor and author, Ruchir Sharma, believes that the past decade was a washout decade for emerging economies. However, he expects the digital revolution to be the antidote and key for growth in these markets.

Sharma said, "Previous decade was the worst decade for emerging markets. The growth rates of emerging markets over the last decade kept on declining. In the glory days of growth back in 2010 emerging markets were growing at rate of around 6 percent a year on average but that growth rate kept declining and at the low point even before the pandemic, the average growth rate in emerging markets had halved to nearly 3 percent."

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