Paytm CEO said before IPO - Indian economy will be 5 trillion dollars in 5 to 10 years

Paytm Chief Executive Officer (CEO) Vijay Shekhar Sharma said that the country is in an exciting phase of development and the Indian economy will be $ 5,000 billion in the next 5 to 10 years. He said, if the country's economy is now $ 2,500 billion, then in the next 5 to 10 years we will see a growth of $ 2,500 billion. It took us 70 years to become a $2,500 billion economy. But now in just 10 years history will be repeated again and the economy will double.

In a two-day virtual youth conference organized by IMC Chamber of Commerce and Industry, Sharma said, "It is a wonderful and inspiring moment for us to be in India as well. He said that one should never hesitate to do what they feel very strongly about, no matter how small it may seem.

He said when someone makes you feel that you are alone. That's how you handle adversity. And once you succeed, all these adversities will become folklore. So you should never feel bad about it.

New business models may come

Meanwhile, Mohandas Pai, chairman, Erin Capital, said in another session of the conclave, new business models may emerge as the wide distribution network is no longer a limiting factor for businesses. He said, your business model can come to the fore, you can start a business and produce something in India and sell it cheaply to the whole world.

He said that the disadvantages and advantages of starting a business in any country through technology no longer exist. So all of you have a common platform and new business models are emerging. It is going to disrupt existing business models, reduce costs and change the world forever. The technology that is coming through digitization and information technology is changing the world and in fact, many industries too.