zinnov management consulting a market globalization advisory firm today presented a positive robust outlook on the indian economy as opposed to the sentiments that are doing rounds in the industry in a striking contrast to fitchs recent downgrade of indias credit rating outlook to negative zinnov believes this to be a momentary phase and showcased reasons for it to be a promising decade praveen bhadada director market expansion zinnov said india is no longer an emerging market but a happening one where such market ups and downs should be acceptable both multinationals as well as indian companies aspiring for growth should continue to take focus on the longterm view with which they established their presence in country while quarterly numbers are important it is also equally essential to focus on market creation activities and opportunity realization to reap benefits in the next fiveyear horizon with the rapidly growing internet and mobile user base and increasing demand for services through new technology challenges investors should not be deterred by a temporary phase when the fundamentals continue to remain strong he added showcasing and listing some of the strong reasons why various spokes of the ecosystem need to keep faith in these turbulent times zinnov brought to light some of the factors on which we should be betting high onindia technology consumption is explodingindia currently has over 123 million internet users over 600 million people use mobile phones 15 million people do online transactions and over 51 million people log on to facebook over 170 million uid numbers have already been allocated to indian residents the 30 b domestic it market is growing at a much faster rate than the exports market india is already seeing b startups emerging ecommerce market is expected to reach 23 b in the next 4 years cloud computing is expected to see revenues of the order of 5 b in the next 5 yearsgst implementation will accelerate economic growthwhile gst implementation has been long delayed but once implemented gst is expected to increase indias gdp by 09 to 17 as per ncaer this will also result in export gains of 3263 and import gains of 2447 gst along with fdi in retail segment will increase the fmcg industry size by 50 billionindian mncs and vast base of smbs will be impossible to ignore61 indian companies feature in the forbes list of top 2000 global companies over 175 companies can potentially feature in the list by 2020 india also has 45 million smbs making india the secondlargest country in terms of smb potential next only to chinalarge states in india are already booming indias top 5 most populous states can hold the combined population of brazil mexico philippines vietnam and egypt maharashtras gdp is equivalent to that of singapore gdp of states such as delhi bihar chattisgarh and goa has grown over 10 in fy12 over 2700 investor mous were signed in gujarat in just one day as part of the global investors summit in 2012