India has more than 65% of ut population below the age of 35, with the average age nationwide being 29 years old. Additionally, out of India’s 1.3 billion people, only half currently use mobile phones, and less than half of this number are smartphones.
Even though India is one of the world’s most populated countries, internet usage remains at 41%, with 700 million Indians currently connected to the internet. This leaves incredible room for growth in India, which lags behind other emerging economies when it comes to both internet access and smartphone ownership. This large, underserved population has long been the target of global entrepreneurs and mega tech corporations.
Mario Casiraghi is the chief financial officer and chief strategy officer of Xfinite Global, a blockchain-powered global entertainment platform. Mario has been enmeshed in the blockchain sector since 2016, first as the founder of DandYlion and as a partner at Blockchain Solution Partners. He previously worked in traditional finance markets, both at Bank of America Merrill Lynch (NYSE:BAC) and at RBS (LON:NWG).
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