Hotline: 1800 102 2007
X
Search Business Opportunities
2014-07-01

\"India\'s SMB growth is strong\"

According to Sheryl Sandberg, COO, Facebook, India, an emerging global economic power, has the potential to become the largest economy in the world.

According to Sheryl Sandberg, COO, Facebook, India, an emerging global economic power, has the potential to become the largest economy in the world.

 

She also said the over $2 trillion Indian economy has immense potential to create jobs and drive growth, especially with its huge base of SMBs.

 

“India has the potential to become the largest economy in the world. If you look at economic growth, particularly recently, jobs is a hard situation all over the world. From the US to developing markets, everyone is very concerned about jobs. And majority of the growth, as I understand it, is certainly here and in the US. In most countries, I have visited, SMBs are the way to growth,” she said.

 

Explaining further, Sandberg, whose previous stint was as vice president of global online sales and operations at Google, said, “The answer to growth is entrepreneurship”.

 

“Individuals are creating businesses and employing other people, and in India, the SMB growth is strong. And Internet provides more growth stories to SMBs. People are connecting to people and getting more customers and that’s what leads to economic growth,” she added.

 

She said Facebook wants to be a part of the growth story in India, which is on the cusp of leapfrogging ahead in economic as well as social development. India has the world’s third largest Internet userbase with over 200 million users. “India is Facebook’s second largest fastest growing market. It is of high priority,” she said.

 

Related opportunities
  • Lingerie & Innerwear
    About Us: Trylo Inner Luxury - the name says it all...
    Locations looking for expansion Gujarat
    Establishment year 1992
    Franchising Launch Date 2014
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Surendranagar Gujarat
  • Womens Wear
    About: Founded in 2014, Varanga is a progressively - growing fashion..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Security Services
    About Us: V-Authenticate builds innovative security products that raise security standards..
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us:  M. P. Goel Hardware (P) Ltd is a well-established..
    Locations looking for expansion Delhi
    Establishment year 2008
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts