4 ms·
India looks like a very overhyped market. Most of the wealth lies in a handful of cities. Margins outside are wafer thin to non existent.
by gsatic 3y ago
India looks like a very overhyped market. Most of the wealth lies in a handful of cities. Margins outside are wafer thin to non existent.
- rippercushions 3y ago36% of India lives in urban areas and that number is increasing rapidly. It's by no means an easy market due to a multitude of reasons (infra, supply chain, politics, corruption, you name it), but if you can pull it off there's plenty of money to be made just in the Tier 1 metros.
- fshr 3y agoIt's crazy to think 36% is still over half a billion people. Hard to fathom for someone not from that part of the world.
- TheLoafOfBread 3y agoAdd to it intensive state bureaucracy and need to "grease it" everywhere you go and when whatever you are trying to do.
- HlessClaudesman 3y agoA huge addressable market ≠ A market that wants to be addressed.
- unmole 3y ago> Most of the wealth lies in a handful of cities. Margins outside are wafer thin to non existent. Focusing entirely on large cities and ignoring the hinterland is a perfectly viable option. In fact that is what most consumer businesses in India do.
- kingstoned 3y agoIndia, like Brazil is perpetually the "country of the future".
- dangerwill 3y agoI mean to be fair, you also see this in the US and Europe, especially in de-industrialized areas that have had population flight.
- local_crmdgeon 3y agoThe street hawkers are also remarkably underestimated. They manage inventory, prices, and know their customer base FAR better than any large org could. They know the upcoming events, have lower prices, don't pay taxes etc.