India has a rapidly growing digital market with various local products gaining popularity. One of the most notable local products is the UPI payment system, which has revolutionized digital transactions in the country. Developed by the National Payments Corporation of India, UPI allows users to transfer money instantly between bank accounts using a mobile platform.
Another significant local product is the Aadhaar card, which is a unique identification system issued by the Indian government. It serves as a proof of identity and address for residents and is used for various services including banking, telecommunications, and government subsidies.
In the e-commerce sector, platforms like Flipkart and Snapdeal have become household names. These homegrown companies compete with international giants by offering a wide range of products tailored to Indian consumers\“ preferences and needs.
The Indian startup ecosystem has also produced innovative products such as Zomato for food delivery, Ola for transportation, and Byju\“s for online education. These products have not only succeeded domestically but have also expanded to international markets. |
