The Impact of Technology on Global Economies
My Favorite App and the Future of Fintech
Technology is impacting Global Economies, want to know how??. Let’s find out!!
Hey guys, have you ever heard of Swiggy? It’s my favorite app! KV Kamath, the Chairman of Jio Financial Services, thinks it’s pretty cool too. He was talking at the Moneycontrol Fintech Conclave with Kunal Shah, the Founder of CRED, and he mentioned how technology is growing super fast. But he also said that fintech companies need to be careful about how they grow so they can keep going strong for a long time. Some of these companies are spending too much money without thinking about when to stop, which could be a big problem in the future. Kamath thinks it’s really important for these companies to be smart with their money.
Kamath also talked about how some tech companies are hiring too many engineers without really understanding how businesses work. He thinks it’s important for techies to also know about the business side of things.
Technology in Global Economies
Kamath compared how technology is helping countries like China and India grow. Did you know that technology contributes to 35% of China’s GDP growth? That’s a lot! But in India, it’s less than 5%. Kamath thinks that India’s older software companies have been doing a great job, but he believes that the future is with new companies that are just starting out. He thinks that in the next 5-7 years, India’s share of technology in its GDP will grow a lot. He says we need more companies that are coming up with new ideas in technology, not just the ones that we use every day on our phones.
The Changing Landscape of Financial Services in the world
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resources like Moneycontrol and NSE India.