BENGALURU: Apple, Amazon and Facebook have been growing rapidly in India as a result of the country’s recent economic upturn, which has boosted consumer spending, led to a rise in tech-related investments and encouraged companies to invest in infrastructure and manufacturing.
Apple’s iPhone sales in the country have been rising rapidly, as have those of Google and Amazon.
But the company is the biggest player in the Indian market with revenues of nearly $60 billion, according to data from research firm IHS Markit.
Facebook has been the second largest in India after Apple with revenues up nearly 20% in 2017.
In the past year, Amazon India has seen an increase of nearly 12%, according to IHS.
Google and Facebook are also the two largest players in the world, with revenue of nearly 2 and 3 trillion rupees ($3.5 billion and 3.9 trillion respectively), respectively.
The companies, however, face stiff competition from Indian companies such as Snapdeal, Flipkart and Snapdeal.
Indian companies are also facing a slowdown in the tech sector from the global boom.
India is the second-largest global smartphone market with more than 7 billion smartphone users and the second fastest growing global smartphone platform after China, according, research firm IDC.
In 2017, India accounted for just 0.1% of the global smartphone shipments, and the global market is expected to grow to more than 6 billion by 2021.
However, the slowdown in India’s smartphone industry has put pressure on Indian companies, who are trying to capture market share.
Tech companies in India have also seen a rise of investment in their manufacturing and distribution channels.
The country’s infrastructure is in dire need of investments, but India’s infrastructure and telecommunications are also in need of investment, according Togepi Sundar, director of the Indian Institute of Management Bangalore.
“In terms of manufacturing, India has a large market, but they are very focused on the telecom sector,” Sundar said.
“They are very interested in this and want to do it quickly.
They are very strategic.”
As India’s economy continues to grow, companies such the government has been pushing for investments in the sector, including infrastructure projects and new technology hubs.
The government is spending billions of rupees on infrastructure projects, including projects like road infrastructure, power and water lines, to boost growth in the economy.
However the projects have faced hurdles as some of the projects are still in the early stages and others are not yet operational.
India’s growth in IT and Internet sectors has slowed since the government came to power in 2014.
India currently accounts for around a third of the world’s IT services.
The global IT services market grew at 6.9% in the first quarter of 2017, according IHS, while the global Internet services market contracted to 5.8% of global services.
India has also been investing heavily in the Internet of Things (IoT), a growing sector of the economy with a $20 billion investment in 2020.
India also is a major exporter of robotics, including in the field of autonomous vehicles.
According to data provided by the government, the number of companies operating in the robotics and artificial intelligence (AI) field in India has increased to more then 15,000 companies in 2020, up from about 6,000 in 2015.