We are particularly excited about the digitalization of India’s economy, and this comes with the formalization of the economy where both consumers as well as small and medium businesses and merchants are adopting digital tools and infrastructure to conduct their business. A lot of this digitalization is enabled by what is called “The India Tech Stack.” Think of this as a set of public goods and tools, all digital, which are aimed at unlocking the economic primitives of identity, data, and payments, but at a population scale. It’s a unified software platform, with many layers, one that is the basic building blocks for digital infrastructure and digitization.
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