It's a worthwhile bet given the Indian consumers purchasing power/quality expectations are on the rise.
Isn't it undergoing a saturation of sorts as of now? Correct me if I am wrong but the general Indian consumer purchasing power/quality is led by employment in IT sector. What happens if there is a severe downturn in it or there is significant competition from other countries?
Someone is going to build it.
Definitely but if they see profits and positive cash flow in it which I don't think companies like OYO are looking at.
You can always ask the established chains in the west and they will tell you how long they think it will take.
This is because there is something called standards and inspection in the US. This is absent in India. One just has to look at the shoddy houses and apartments being constructed by some reputed builders.
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Isn't it undergoing a saturation of sorts as of now? Correct me if I am wrong but the general Indian consumer purchasing power/quality is led by employment in IT sector. What happens if there is a severe downturn in it or there is significant competition from other countries?
Definitely but if they see profits and positive cash flow in it which I don't think companies like OYO are looking at.
This is because there is something called standards and inspection in the US. This is absent in India. One just has to look at the shoddy houses and apartments being constructed by some reputed builders.
With the full support from the Government I think it would be possible. Also is Jio making a profit? ( https://economictimes.indiatimes.com/industry/telecom/teleco... )
Also would Jio be profitable once they achieve their targets?