It was a very crucial day for Flipkart as the leading Indian e-commerce giant was purchased by Walmart, the renowned global retail corporation on 9th May. Now, the Indian masses will become the onlookers as Walmart and Amazon take on each other on the Indian land. The Flipkart-Walmart deal is significant in many ways for Walmart has not only acquired one of the fastest-growing and biggest markets of the country, but also obtained a payments app, a huge online marketplace model, and a wide array of fashion brands.
Whilst people expect to get better access to improved delivery services, and genuine products, there is a lot to be understood. Google already has access to various kinds of data via search, maps, mail, music, and its latest payments app. Now, it will also be able to access your shopping data. In order to compete with Amazon, it will also invigorate its search.
But the staggering deal is not that bad, for it has made the founders of Flipkart worth a billion dollars each. The total value of which is estimated to be $20 billion. But, here’s another catch! As per the sales of Flipkart, it has been found that the Indian entrepreneurs do not have control of their companies when foreign providers of capital fund them.
It will be very interesting to see how online and physical sales will be merged, instead of being segregated. As per several studies, and insights, it can be stated that the customer data will become the key to survival. How the company will endure in the future is definitely a riveting matter! Only time will tell!
The growth of India’s IT Sector in 2016: A Retrospect
India, currently stands as the biggest sourcing country for the global IT Industry, comprising of about 67% of the net IT market ranging US$ 124-130 billion. There are about 10 million Indians employed in this industry which has resulted in the transformation of the economy of India and has also helped in changing the global perception of the country’s economy at a global level. The intense affordability and topnotch quality of Indian products and services, provide Indian IT industry its USP (Unique Selling Proposition) in the global market.
Competitive Gaming and eSports are gradually gaining momentum in India. Currently, youngsters in country are head-to-head with the global gaming gladiators and are aware of all the happenings and instances of e-battles, from across the globe. Moreover, they are ardent followers of the latest gaming technologies, which includes gaming PCs, consoles and VR gadgets. Indian gamers are also making a mark in the world gaming championships, such as ESWC (eSports World Convention) which is held in France and gamers from more than 130 countries participate. Young gaming champions are revered in competitive gaming circles across the country. Going by the current gaming trends in India, it's not far when India will become one of the leading names in the gaming arenas.
VR Reality: Breaking the Barriers of Science and Entertainment
The concept of Virtual Reality, has been around for quite some time now, however, the practical implementation has only begun recently. With the integration of this technology by big names such as Facebook, Playstation, and HTC it is only a matter of time when we will see VR foraying in different walks of life. Currently, VR is mostly used for gaming but gradually the technology is unleashing its potential use in other occupations such as architecture and training drills. With the growing uses, very soon VR might be used for fire, medical and military training drills, cinema experiences, and for therapeutic purposes to treat various psychological problems.