India may have fastest growing e-commerce sector
From CNBC: 2024-12-21 11:00:01
Investors are advised to consider adding exposure to India’s booming technology sector, with EMQQ Global founder Kevin Carter calling it the spearhead of growth in e-commerce worldwide. The India Internet ETF, launched in 2022, has seen a 21% increase in value so far this year.
Dubbed the ‘DoorDash of India,’ Zomato is one of Carter’s top picks, with its stock soaring 128% in 2022. Carter credits the success to the quick commerce business exceeding expectations. He points to India’s growing online population as a key factor in Zomato’s potential for further growth.