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Martedì 26 Luglio 2022, Siddharth Mehta of Bay Capital thinks that India is 13 to 14 years behind China in terms of size and scale of the market. But India's digital marketplace could grow easily in the next few years. He says India has seen a tremendous increase in the overall penetration of the internet owing to strong growth in low-cost smartphones, a significant reduction in data prices, the creation of an ecosystem of products and services driven by the government's digital initiatives, and the development of low cost, robust payment systems. Today, there are over 758 Mn internet users in India with ~700 Mn smartphones. In fact, the average data consumption per user per month in India is the highest in the world at ~13.5 GB and Indians spend almost 6.5 hours per day online.