Rajesh Jain, of the Indiaworld fame writes about the real (and sad) state of digital businesses in India.

The market cap of China’s top digital companies (Internet and mobile companies) probably exceeds $75 billion. The top two - Tencent and Baidu - are worth over $50 billion between them. All Indian digital companies (private and public) put together have a market cap of sub-$5 billion — probably much lower.