Broadband
“Digitisation will boost GDP growth” – Ravi Shankar Prasad
MUMBAI: Taking a leaf out of Prime Minister Narendra Modi’s Digital India initiative, Union Minister of Communication and Information Technology Ravi Shankar Prasad today stressed on how the country’s growth is interlinked to this programme.
“The government is dedicated to creating a digital ecosystem that will enable internet to touch the lives of all Indians,” Prasad, who was speaking at the 9th India Digital Summit of IAMAI, said.
He further pointed out how it was imperative to create hubs in rural India that will help the growth of e-commerce, which remains unexplored so far. “Unless connectivity reaches every village of India, the dynamics of growth will remain unchanged,” he said.
Speaking on access, Prasad said, “It took 30 years to cover 10 lakh kilometres of optic fibre laying, and in just next three years, seven lakh kilometres will be added, making rural connectivity a reality.”
Releasing the IAMAI &The Boston Consulting Group (BCG) report India@Digital.Bharat, Prasad said, “For the internet economy to touch $200 billion by 2020 that will contribute five per cent of GDP, we need to move at a fast pace towards computer literacy. The other key areas which will help the internet economy to grow is mobile internet. The government is committed to digitisation and we look at extensive public-private partnerships (PPP) to the have successful implementation.”
The India@Digital.Bharat report establishes that India is headed towards an internet economy worth $200 billion by 2020, that will contribute five per cent of the GDP growing at 23 per cent compared to 13 per cent overall.
As the following chart shows, Internet in India by 2018 will be more mature and mobile will be more predominant.
The number of internet users in rural areas will touch 210 million by 2018, aiding India’s internet user base to cross 500 million by 2018.
Speaking at the launch of the report, BCG senior partner and director Alpesh Shah said, “India will have more than half a billion internet users in the next three years – this growth has the potential to fundamentally change the way in which consumers save, learn, play, move and work. However, the extent of shift will depend a lot on how the government and the industry come together to unlock the true potential of the internet.”
IAMAI chairman and Google India managing director Rajan Anandan, stressed on the growth of internet in India and successful roll-out of the government’s Digital India programme. “India is the third country in the world to have over five Internet companies valued at over $1 billion. India is the fastest growing Internet country but we need to move from narrow band to broadband at the earliest,” Anandan said.
Broadband
Excitel Broadband names Varun Pasricha as chief executive officer
Former COO steps up to lead broadband firm’s next growth chapter
MUMBAI: Excitel Broadband has elevated its chief operating officer, Varun Pasricha, to the role of chief executive officer, handing the reins to a leader who has already spent nearly eight years shaping the company’s rise.
Pasricha joined Excitel in August 2018 and has since been instrumental in building what he describes as “the most loved broadband brand in the country”. Now, as chief executive officer, he is expected to steer the internet service provider through its next phase of expansion in an increasingly competitive home broadband market.
Before his tenure at Excitel, Pasricha held senior leadership roles at Zomato, where he led sales transformation and served as business head for partner growth across India and the UAE. He oversaw the shift in the company’s advertising model from fixed ad slots to performance driven engagement, migrating more than 7,000 paying clients globally while delivering a 20 per cent upsell on the portfolio.
Earlier, at G4S India, he was senior vice president for strategic business, managing a profit and loss portfolio exceeding Rs 1,000 crore. Over two years, he grew the business by around 50 per cent while improving margins through contract renegotiations and cross selling. He also worked closely with the leadership team as vice president for strategic projects, focusing on corporate strategy, restructuring, and new business launches, including entry into last mile logistics.
His career spans strategy and operations across sectors. At Max Healthcare, he was senior manager for business strategy, working on planning and joint venture rollouts in tier II cities. He co-founded Edventure Online, an education advisory venture aimed at helping students make informed career choices. At Indus Towers, he served as senior business manager in the central strategy team, helping convert the energy vertical from a cost centre into a profit engine.
Pasricha began his career at McKinsey & Company as an analyst, building the consulting toolkit that would underpin his later operating roles.
With a résumé that blends boardroom strategy and frontline execution, Pasricha’s appointment signals continuity with ambition. For Excitel, the message is clear: the company is betting on a leader who already knows where the cables run and where the next connections must be made.
