India Will Be A Country With 100 Unicorns In Five Years

India will be a country with 100 unicorns in five years, India will get a big help in shaping the economy by 5 trillion dollars.

Unicorn means that the number of start-ups with a turnover of more than one billion dollars can increase rapidly in the next five years in India.

Last year, 11 new Indian companies won Unicorn. Bank of America has said in a report on Friday that by the year 2025, their number could be 100. This report has also said that due to the digital revolution of Reliance Jio, the army of Unicorn has stood.

There are currently 37 unicorns in India. The report believes that the launch of Jio’s 4G service has proved to be a game-changer for India’s digital revolution. Data usage has started on a large scale due to internet services available to customers at affordable prices.

There are 65 million Internet users in India, who are using 12 GB of data per month. The unicorn has got its full benefit. Reliance is preparing to launch its Made in India 5G service, it can further speed up this process.

Other companies offering Internet-based services, including education, food, and e-commerce, will hit the stock market in the next few years, which will have a wider impact.

Flipkart tops the price in India. Its valuation is currently $ 25 billion. In second place is Paytm with around $ 16 billion. In third place is the education-related company Bayouz, which has a market value of $ 11.1 billion. India has left many countries behind in terms of unicorns.

Even in developed countries like Britain, the number of unicorns has increased from 21 to 24 in the year 2020, while in Germany it is only 12. According to the report, India is moving towards a five trillion dollar economy and the role of the digital ecosystem will be important in it.

Learning from the Indian market, companies are now entering foreign markets. Bank of America believes that after Ola and Oyo, start-ups like Bayouz, Jomato, Meso will also be globally famous.