Transforming India: A new breed of tech companies

Big shifts

What is the most striking change in India over the past decade?

For this regular visitor, there is no contest: the explosive growth in mobile data use. From roadside stalls accepting digital payments to taxi drivers glued to their small screens while waiting in the shade, smartphones are everywhere. The spur was the rollout of the country's 4G cellular network in the mid-2010s. Reliance, then best known as an oil refining business, spotted the potential of connecting the masses and invested $40bn in building and launching its Jio network in 2016. As a Reliance shareholder, Pacific Horizon backed the move. The network created millions of potential ...