On February 1, while presenting the national finance budget, India's minister for finance, Arun Jaitley announced that the country does not recognize Bitcoin as legal tender and that crypto payments will be penalized. Jaitley’s comments raised questions among India’s crypto community about the legitimacy of trading, and the price of...
India's Digital Advertising Market Projected To Grow at 35%
According to an IAMAI-IMRB report titled Digital Advertising in India, the country's digital advertising market is projected to grow at a CAGR of 35 percent to reach $1.25 billion by the end of this year. Since 2010 this market has been growing steadily, in 2016 dollars: 2010-2011 -- $156 million 2012-2013 -- $320...
India Becoming World’s Second Largest Internet Population
India is on track to overtake the U.S. in its number of Internet users. Quartz quotes from a report by the Internet and Mobile Association of India (IAMAI) and IMRB International, a market research firm, that by December, India will have 402 million internet users, of which 351 million will...