The Shape of Things to Come

Can you guess the names of the six most valuable US companies in 2004? They were GE, Exxon, Microsoft, Pfizer, Citi and Walmart. That’s right, not a single FAANG stock. Today, the top names are Apple, Microsoft, Google, Amazon, Facebook and Tesla. The old order has made way for the new. Prepare yourselves, for such a change is coming to India, sooner than you think. The journey has begun.

Less than 1 per cent of India’s market capitalisation is accounted for by digital- or internet-based enterprises. In the US, this number is 40 per cent. But, we already have 60 unicorns here and that