With many unicorns flipping again to India, by 2035 India would be the most preferred IPO market globally, stated Infosys co-founder Nandan Nilekani.
“Already it is the market with the largest number of IPOs, though the value is less compared to the US. In fact, what is happening is people are coming back. Companies that are incorporated in Singapore or the US are actually flipping here, paying more taxes so that they can list in India. Ghar waapsi is happening.’‘ Mr. Nilekani observed.
Technology, capital, entrepreneurship and formalisation were the four great unlocks for an $8 trillion economy for the country, he said while speaking at the Arkam Annual Meet 2025 Bengaluru on Wednesday (March 12, 2025).
Entrepreneurship was very fascinating because the country would have 1 million start-ups by 2035, up from 1,50,000 start-ups currently. These startup would grow at 20% CAGR, he said.
‘’When the economy is growing at 8%, start-ups will grow at 20%, and a million start-ups by 2035. Every time we have an IPO, there are going to be 100 more start-ups,” he stated.
Interestingly, extra start-ups had been occurring exterior the metros, they usually had been fixing completely different points, he noticed.
He additionally highlighted how tokenisation of land property can unlock $3.3 trillion in land capital. About 50% of the property owned by Indians was in the type of land which was not tradable. (Tokenisation represents possession or funding in a property as digital tokens on a blockchain, to improve liquidity by means of buying and selling).
“You can’t sell it and can’t take a loan against it. We believe that tokenization of land assets can unlock these things where you can tokenize every piece of land, and then that can be traded very easily,” he stated.
According to him, Artificial Intelligence for a billion Indians, deal with final mile customers and MSMEs, emphasis on agriculture, well being and training, land monetisation by way of tokenisation, accelerating capital funding for entrepreneurs exterior the eight metros, other than deregulation, would assist the nation grow to be an $8 trillion financial system.
Published – March 12, 2025 10:05 pm IST
