 Just to set the context, India is said to become the third-largest country by 2030, and has a population which is young, digitally connected, and ready to evolve in technologies like the Metaverse. And according to reports, around 80% of Indians are very enthusiastic about it, which is higher than the global average. And, you know, we have eminent panelists joining us for this, for sharing their insights in this discussion, so I would request them to introduce themselves and just read the audience for the work they are doing. Hello, everyone. Absolute pleasure to be here. This is Guts of Mathur. I'm the founder and CEO at Geometry. We work in the intersection of the Metaverse and AI, with essentially virtual worlds that create themselves based on the outcome. And, you know, I've been working with several large enterprises like Amazon, Big Pass, Big Bosch, the Agio, up in there, just to name a few of our clients. Working with Enterprise to bring their Metaverse dreams to reality using our no-code-no-code platform. I'm Rajesh Birjantar, co-founder and CEO of PII. We're a company that's into banking solutions. Basically, we're getting the entire rails for banks right from core tech solutions and digital banking. We recently launched Bharat Meta, our platform for the Metaverse, and that's how, you know, I got a space beyond the panel here. Given the context of what we're doing, the whole idea is to enable Web3-based Metaverse. But if you look at current banking in India, our endeavor is to make sure that we transition from Web2 to Web3 over time. Hi, everyone. This is Ravi Krishnan. I lead a few product functions at Flipkart, one of them being Flipkart Labs. We've done a bunch of work in the Metaverse space and that's probably the reason I'm here. So, the mandate of Flipkart Labs is to look at technologies which have not yet found mass PMF, and when we say mass PMF at Flipkart, we mean hundreds of millions of customers, but have the potential to disrupt the future of commerce in the country, right? So those are the kind of technologies that we see early bits with the thesis around how do you achieve PMF and how do you accelerate PMF and monetization through these technologies faster than what they would have normally happened, right? So Metaverse is one of our focus ideas. We'll talk more about it. Hi, everyone. My name is Aditya Mani. I'm the founder of an app called Yologram Style. And basically what we do is we allow you to try on clothing on e-commerce on an avatar of yours. And we're kind of building the end-to-end experience. So we're starting right from you, seeing a 3D jacket in your space, seeing it on an avatar, which could be a branded brand ambassador. So for example, Avirat Poli or Mir Singh, you would be able to see that jacket on that. You can even digitize your family members. You could see it on them. And that's where the tri-economy ends, but we are taking it beyond that. So we're saying that you can save clothing onto your avatars. You can pay it to have that as an NFT. You can take it into a gaming. They're also working on interoperable avatars, where your avatar can go from one metaverse to another into games. And we feel that's where the end-to-end kind of linkage of the metaverse in terms of identity embodiment will really start to work. So what happens is today most metaverses are like activations. You do it and you forget about it. But if you have kind of an identity which relates to you on an avatar, which resembles you and you have some kind of likeness to it. Perhaps you would probably want to use that in different places and perhaps you would want to style that with branded clothing. So that's the thesis of what we're building. So very nice to be here. Thank you for having me. Good afternoon all. Sorry I could not be there in person today, but it's a pleasure to be part of this panel. So I'm going through the practice head for digital twins and generative AI at NVIDIA for APEC. Prior to this I was working with Boston Consulting Group. So I was heading their metaverse and digital twin for APEC. So today I'm sure you are already excited about the two most interesting topics, generative AI and digital metaverse. I feel gifted to be part of working in this space and creating some success stories with our customers. I'm looking forward to sharing with you guys. Thank you. To begin with, I have a question for all of you. Is India democratically well positioned to contribute to the digital labor of metaverse, given its the core destination for IDO exploring global? Who would like to take that first? I think India is well positioned for a lot of things and I think this is definitely from the terms of skills that are required for it. I actually want to use this to also answer what I feel is a skill that we don't necessarily talk about, which is the skill of doing stuff in three dimensions. At Geometry, we hire a workforce that is not very common for a lot of other technology companies to hire, which is Architects. And one of the things I want to say is that India produces some amazing students of design as well. Of late I think that infrastructure has evolved a lot. We hear a lot of course about what our technology institutions are doing, an amazing job of bringing the workforce up. We all know that story. We're doing phenomenally well. We have a lot of workforce from the IT, VP of Industry who of course are looking for some amazing roles. I think on that front, we're all well aware. But I think we also have a really upcoming design force. And I think it's also a time where India gets to enforce its sense of design. I think somewhere we lost an Indian sense of design on a global scale. As a designer, I'm an architect by training myself, which is why this is slightly more personal to me. But I think that as India, we've always had a very unique sense of design. Whether it's through history, through our buildings, through our architecture, somewhere along the way in this digitalization process, we lost that. So I think we definitely are in the right place from a technology standpoint, which I'll let the others add too. But I think from a design standpoint, I think we've been more ready than ever. So take me forward from what Utsav said. We do have the skills in terms of technology. Importantly also, if you look at India as a country, we've actually taught the world about digital payments. There are a few lessons that we said of how online payments can be done at a low cost. And of course, Chandra has proven that about spaces. So given that experience, I think there's a lot that India can do to not just provide the skills to create Metaverse assets, etc. But also to make sure that we can advise countries how to use Metaverse effectively. And sort of one, prep the demand for Metaverse. And two, importantly, utilize different types of services. So I think if you look at the Indian ecosystem per se, the India stack, Adhar and UPI, and now the CPDC stack, is going to be an interesting one. And when the Metaverse starts utilizing that, it will be a lesson for most of the people outside India, most economies, on what would be the use cases that could go on. If you look at also the technology adoption within India, whether it is at the urban population, but importantly at a rural scale, the ability to sort of take on the Metaverse and rural is an opportunity that India will also bring forward. That's something that we are endeavoring to do as a company. And those are, I think, the important lessons that can be told to the world, rather than just the outsourcing. Yeah, I think definitely India is well poised. One data point and one experience I'll share. I think you spoke about the fact that it is a much younger demographic, right? I think almost 27% of our workforce in the next year or two will actually be Gen Z or younger in India. So I think this generation is the one which has grown up on Metaverse or experiences which are more immersive in nature. So definitely there is a demographic dividend. I'll give an end to all of this. So as part of labs in the larger battery pieces that we have, we have a sector of excellence partnership with Polygon, where we look to build the battery ecosystem in the country, not just by incubating pilots on Flipkart, but also a lot of work in the developer community. So we host some of these developer events and connects in the battery space in Bangalore. I remember the last one, I think, which I attended was in November. We have a large training room at Flipkart, which can host hundreds of folks. Typically the only time I've seen it full is when we have all hands, where you call the entire Flipkart audience. I think the last developer connect was the only other time I saw that room full. We practically had hundreds of people who are interested in developing the Web3 space, who attended a bunch of events, participated in a lot of the developer connects, etc. that we host. Everyone ranging from college students, which was a significant population in that group, towards corporate folks working in the industry. So we had a very good mix and a very evolved thought process on building on Web3. It's not just attending out of curiosity, when you interact with them. So I think the work space is already a lot more evolved than probably we can predict for. In terms of being ready to leave the Web3, Oroland, Metaverse revolution global. Yeah, I tend to agree as well. So if you would just look at Web2, if you would look at how things work, two of the biggest revolutions which have kind of changed the way commerce happened, have kind of evolved out of India. So if you look at both GEO and Flipkart, both these things are completely made in India. So the basic stack exists. Now if you were to look at how it looks from the Metaverse's angle, Metaverse, the content creation can either come from the 3D industry, which is kind of an option of VFX and you will not know how much of VFX comes to India. It's not just the VFX that comes to Hyderabad. Huge amounts of DNA work comes to Bombay, comes to so many places and we don't even know about it. So major Hollywood blockbusters are all post-produced in a large amount in India. So that talent pool exists. That talent pool can be diverted to the Metaverse. And also what Ravi said that the next generation coming to work is adopting this in their daily work. So they have kind of grown up on iPads. So they know the value of this. And moving on from a ownership point of view, so we have India Stack, we've got UPI, we've got the solid foundations. So the CPTC is coming up with a sandbox. I know Rajesh's team is working on that. But we've had Polygon come out of India. We've had so many of the interesting blockchain companies come out of India. And the fact that they've done anything possible to stay alive, whether it means shifting out till the regulations are sorted out. So from the entire end-to-end perspective, we've got the right kind of talent pool as well as the motivated entrepreneurs who are willing to stick their guns and stay safe with this. So I feel even from an AI perspective, the content could be disrupted by AI, but just look at how well India has responded to Sam Ortonwood's challenge. So Mr. Mukesh Ambani has come up with a challenge. So we don't know how good it is, but the fact is Barshini is coming up. Reliance is coming up with the AI. The Ola team is coming up with the AI. So everyone is responding back with their unicorns where we can say that we can come up with a homegrown AI which will probably do our faces better, which will probably do our culture better, which will understand perspective. So I really think that we have a good end-to-end framework or a basement in place to build that big building. All great points. Just to add on top of it, so the major shift that we are seeing, so India has always been the largest exporter of softwares, to be honest for the world. In the last few years, the shift is already happening where we are also becoming one of the largest consumer of these technologies. So the consumer market is increasing heavily. So this automatically takes us to the core requirement which is setting up the infra for the generated AI and the industrial networks that we are talking about. We are looking at least investment of 40,000 crores in the next few quarters and we have recently seen there was a press release from Reliance last evening where they invested 1.25 billion dollars just for setting up the infra for the generated AI and the networks. And all of this happening in India and this can be consumed by the startups instead of just relying on the CSPs to run all these workloads, we can get a more value for money if it is presented in the Indian market in Indian countries. So that's the part where we are moving towards. Our government, our central government has really committed to us and we have the previous one, Reliance, the topic group which includes TCS, who have also invested everything in this area. So with great talent pool which I think we already have at the right end from and we would be pretty well set to achieve a great audience. I hear you are going to do e-mobiles. Are you expecting space to go? And what more can we expect from that? Yeah, so I think you spoke about it when you started, right? 80% of Indians are excited about the metaverse. Yeah, I just could land a couple more powerful data points to that. There are a couple of surveys by Google, Mackenzie, who did the survey doesn't matter. But I think if you look at people who are expecting to use immersive visualisation of products when they are making purchases, more than 50% of Indians already are willing or look forward to using things like try-on when you are buying a skincare product or visualising 3D or visualise in your space when you are buying a furniture product or an appliance. So multiple surveys have anywhere between 45% to 55% of Indians are already looking forward to those experiences. And you've seen that neon on Flipkart. I think the way I look at metaverse for commerce it's about better visualisation of products to make a more informed shopping choice as the first stage. The second stage is where the entire shopping experience gets a lot more fun and a lot more interactive. So the first stage I think is very important. If you're not able to add a value to the core commerce journey there is no point of just doing something for entertainment. So our thesis has been based on helping customers first visualise products better and then looking at the entire experience being on the metaverse. So we've invested a lot in visualise products in 3D visualise products in your room try-ons for beauty products, try-on for apparel products skin analyser for beauty products where you can get recommendations based on an ear experience or based on your skin type and your preferences what works best for you. A bunch of those products are already live on Flipkart today. And what we've seen is in high involvement categories more than 40 to 50% of between 40 to 50% of shoppers actually engage. People end up actually engaging in these experiences when they are available. And the engagement times are very strong. It has a direct correlation to commerce metrics. People who engage, convert better are less inclined to better products later. So it's adding value to the commerce journey. So I think that's the first area of focus for us where we've actually seen that better product relation adds value to the commerce journey. We've also taken it forward. We have launched something called as virtual worlds over the last couple of years. We have done a few questions in that. Our flagship virtual world on Metaverse is something called the Flipverse which we have launched during the festive season the big period days and beyond in the last couple of years. We have tried a few variations of it and we've seen very strong user engagement in those properties where you use it as a mechanism for users to come shop, discover brands, discover themes to interesting activities, challenges within the space, etc. get rewarded for it. Very strong engagement on those properties. More than a million users have engaged in the last year or some of these. We've also launched a brand specific worlds where multiple brands go home, on the base, Coca-Cola, right? They've all kind of launched experiences where users can engage in a brand in different ways, right? It could be anything from a virtual showroom where you're able to kind of browse, explore products, get details of products that are more immersive, like, you know participating in a brand with history or a heritage journey in a Metaverse kind of experience, right? So again, we've seen very strong engagement metrics on some of these. So in the early days, I think what's important is first we need to add value to the customer something to me and on top of that how do you build experiences which are immersive, right? That's the two features. I think the future of commerce will look a lot different in the next five to seven years. It's very difficult to pick out how exactly these experiences will take a higher share of the shopper's journey, right? In terms of time spent, in terms of commerce share, etc. for sure. And it will definitely become one of one, a new finding method, right? In terms of how people shop on that. So, very excited about the thesis, we'll have to continue exploring to figure out that product market fit, right? There's around 40 to 50 persons engaged in this kind of area. So I just want to understand post your added these features has the overall customer engagement increased? Yeah, definitely, right? What you've seen is the time spent on the platform as well as conversion, right? I've been hired once people engage in these properties so again it's early days but yes, the initial metrics are very low. And you also said that product returns are lesser. So if you can just so if you're able to let's take apparel, try on is an example, right? If you're able to visualize, this is how the product looks on a body of my dimension, right? So our product apparel, visualize a try-on feature also allows you to kind of give your body, your height, your weight, all of those dimensions and visualize the product in a certain size, small, medium, large on that body type and what is perfect for you, what is loose, what is tight, right? Obviously, when you visualize it in that manner you make a more informed choice, right? So it's a better alignment when you the actual product gets bigger, right? So that's it. Thank you. Aditya, what is the opportunity in digital fashion in Uptar's? Yeah, so Uptar's are like you know how we have you know the sensitive, it's basically an embodiment. And it's important to understand where the promise of the Metaverse is. The promise of the Metaverse is there that you know if I go to a Justin Bieber console and all my friends who lives in LA and I'm in Delhi and we can virtually present in the same console and we can both have jackets with our names written on it at the back and that's a digital. So that's the promise of the Metaverse and then we can take that jacket into pro blogs and so that's the end to end version. But in order to get there we have to build to build towards that and you know a good place a good destination where something like this can happen is where the brands and the consumers tend to coexist so in the e-commerce site we have the pre-visualization which is e-commerce but it's important to understand where the value types. The value is being brought in over there for the vendor. The value is being brought in over there for the brand. So it's very important not to distract the consumer to be present and just playing around there and taking away from the sale. So when you're building a try-on experience then the entire you know the entire avatar and the entire digital fashion should kind of take you towards a sale which is a physical sale. So right now most brands around the country decision sales although you know IKEA does want that you know if you buy a physical IKEA you should be thinking about digital IKEA in your home space that you design because they have to re-build the brand equity there because it's again a level playing field so IKEA wants to be in that part leadership to say that when you're building a Metaverse make sure you think about digital experience for your Metaverse. So on the try-on side it's very important to think about the brand and the retailer and it's not a destruction. One good place where the Metaverse can be a place of engagement is where you're thinking for the brand and you're saying that okay fine let us make it a destination so you know if I can for example I think then I could have a friend of mine in New York and I'm President Delhi and we can go into the Gucci store in Milan so I unfortunately can't afford Gucci so I'm just giving an example and you can actually go and visualize how things look and you're adding a partnership so you're doing things and you're joking around and these are private space you know people walking around like that's actual value and I'm starting to look at that destination as a place to meet my friend as a place to so think about you know girls they tend to meet and they go shopping together sometimes it's not possible when you're distributed across the world it's not possible to use the same chair so you know here's an experience where you can just go in and be present and the thing is that your moment of truth and when you become a believer is when you put on a bare handset because when you put on a bare handset it's like watching a Pixar movie, you forget that it's a part of it, you forget about the textures, you go into the experience so you know very often when you see a Pixar movie you have tears running down your cheeks because it's the real emotion it's the real feeling that you go through you don't keep saying oh this is what you're going to destroy, the same thing happens in these experiences so from habitats have a very important part there so you can visualize it on your brand, you can see the brand and it has to be digital so you can just change things over the flight then of course lies the whole leadership experience so you know can I see Tiger Woods doing a swing of a Galway shirt or can I see Sachin doing a you know a cricket swing of Adidas I don't know which brand he's a lot of that kind of experience and then I feel the need to buy that digital that's where the metaverse and the promises of that person, what I said earlier can I save this to my wallet, can I take it into a game or a metaverse or a zoom call where I can wear a digital chair a digital collectible which is either signed by Sachin or everyone knows this is such a jacket but I have my name on it so all of this is enabled with digital fashion, all of this can be made possible with interoperable routers and we believe this will happen especially with the way our Prime Minister is thinking about eSports being a place for us to get a major Olympic medal, he talks about PUBG, he knows about the importance of how these industries have made a difference to both Japan and Korea and he knows that investment can come in because talent lies in here and we know that you know Gen Z is a crazy redemptive they will not wait for anyone, they will just play with things so assuming the way they are doing I think avatars and digital fashion have a long way to go and I feel that there is untapped digital revenue available which the brands need to rediscover themselves as our readers in the industry Thank you Thank you Thank you Our first saw that and it's really impressive how this is happening so would that be a new friend Yes, I think the Reliance Age game has been one of our very cool deployments at least one that got a lot of medals ever since that of course we have also worked with Kodak we actually want to plan a world world for having 35,000 people in the same space you know in America just to talk about even for a virtual event that we have done for them and I think one thing where I want to complain I think my work has largely been focused on making this less of a brand and more of something that starts to add value and I think over there one very essential part to understand I jumped into this industry twice and it was called the VR industry we gave VR, Slash, AR we gave XR we gave Metaverse now we are talking about spatial computing it's going to change already talk about Metaverse and AI we will start planning as a spatial computing these are essentially things that are there to generate excitement but beyond this excitement I think there is a larger vision of the next computing device I think for the largest time it's very important to consider this that we have had paper as the primary mode of information dissemination just 10 years ago piers used to be we had a little paper work pretty much everywhere and then screens came and took everything over now my primary mode of information dissemination we have people doing it here on the screen I consume all my information on my topic screen I communicate through that so screens are the next thing that I have pretty much come in at what next so data naturally is a very 3D magic it exists in our world this space is generating data individuals are generating data objects in 3D space are generating data so as data breaks the 3D world is but natural so computing devices will also be available so Apple come up with a vision pro request 3D of course amazing headsets coming up as well talk about what is good there of course if you have an influence the geo glass will help initiative will help what is happening is we are all talking about this eventual goal of how will we consume our information in the future and I think my goal has been that but today we have that every year there is a few years to it so we are going to get there eventually but in that what is the value of that I think that value and even in ourselves our strengths what comes out what was most exciting for the mirage project was what the fact that they did the AGM with us one time they did their programming results and that means we added some value to the way we presented that content and I think again with that in mind I have got a lesson on deployments which are helping trade for example all advanced brands employees across the country I think those are the deployments where we continue to act in the future and those are also pretty exciting for us so I think that is really important thank you moving to Hikondin what are your expectations should have been described by others wait before I take that question I just wanted to add one point to what probably you have called out the goal pre-issue I think things before you actually consume it because I had a very interesting experience three days back I was on my food I had been ordering and pretty much I always thought like what goes into the food what goes into what are the ingredients it is going to have and how do you customize it so just food ordering add let me try that in person which means I could just choose the food which I am planning to order click on the table and then the actual size of the food appears so the actual portion of the food whatever is ordered was pizza so it showed me that food is organic pizza I don't need to decline and I could add some more topics on it and all of that was happening in real time and this was wonderful so I feel that when there is an actual use for it people will start using these features and probably solving some of their problems so I would love Italian food just but that doesn't mean that I know all the names of the foods out there most of them are Italian and it took me a while to understand what it is by good reason so with this feature what I like to do is click on that food option show it on air and it actually shows is it rice based or noodle based or is it just flour based and things like that coming back to my question that you have put across we have a saying when we talk to customers anything that moves in your factory or around you can be automated and anything that can be automated can be trained using here so this is the mantra that we are living in and we are seeing most of the customers who are not taking this place and most digital twins which we talk about today they pretty much start with the pre-usualization setup a big example is before you go and buy a flat you get a a walkthrough of it through a 3D platform and then most of the experience is through that once you buy the flat that's it the whole 3D efforts or whatever they have gone in is completely restarted now imagine if we take that setup and provide a service on top of it there is only a material design so the 3D layout is already there in previous and that can be customized by the customer as this states and use it for this interior design and later this whole 3D asset can be used for the maintenance for the entire building itself and this is something which is picking up a big fix imagine you do this for a factory with probably a thousand more complex units so some of the workloads that we have seen due to impact is on the synthetic data generation so we are and all of you are in Bangalore today as you have been at the Bangalore I can very strongly say that we are under AI's awareness so if you are just roaming around monitoring around for more than 15 minutes automatically the message is going to go out to the authorities and you will be escorted any suspicious activity are trapped completely in the echo today and this is purely working based on AI's data which has already been deployed at scale deploying at scale is a big thing because most of the experiments of emerging technologies happens in a lab and later it is tested with a smaller group of audience so when it comes to scalability that is where most of these technologies suffer so it is always super important to build a scalable path of course during the course in order for the technology to be successful I am a great believer of AI I have been using that since the DK1 of Oculus Rift and I always believed in this technology even today but the only big challenge that it is facing is how do you put a headset in every unit you have on this planet today the adoption has already happened from you know to a smartphone which is your primary mode of consuming content now it is probably expected even bigger disruption which I believe is going to be more than the Apple Vision Pro which is required to put a headset or a cat that we have seen in these fantasy movies to happen in real world where a hologram can be your means of communication that is a far way far far far from where we are today but that is the future so some of the workloads where we have seen huge trends as I told you this one on the synthetic data generation for the AI to work super efficient you need to generate data collecting those data in the real world is going to consume time, connection and time because data annotation is one of the biggest job where 200 train people have to work cleaning up the data manually and then use it to train now with synthetic data generation you already have the 3D world which is physically accurate and photo-based you use that word to generate data it can be all sorts of hypothetical datas and then you use that to train your AI to be super efficient this is one of the biggest workloads which is happening today in the industrial networks the second bit what about that moves right with support of generate AI at the 3D world that you already built you can train it it could be a robot, it could be an AMR pod or it could be a manipulation pod doesn't matter with AI and with the right training grounds you can actually write results where you pretty much don't have to write a single line you just give the inputs the generated AI spits out an ROS to code you just take that code, deploy it to the robot and it starts acting today and all of this is not the future this is happening today we are only talking about how this can be adopted across all industries and while their adoption is happening if they can also taste an ROI and that's what is most important as the fuel for mass adoption thank you Rajesh could you please share how banks are leveraging this space currently and on why and more on why this should happen so being in the business of banking solutions we we have pulled out two wherever spaces for banks banks in India without their own virtual lounge and you could come services another practice when one of the core reasons why I believe that banks per se and banking services need to look at the metaverse as an option more so from a perspective three aspects one is the use of generative data and as you rightly said data is something that clearly requires to look at what banks have as a wealth it is not just the customer's wealth but also the customer's wealth that's an industry that really has the most data and most know what their customer is so the use of that generative way could be put to better the utility on the metaverse second part is when you look at digital banking today it has created a distance from a perspective of not being so personalized when we look at hyper personalization in digital banking the solution that was thought about is to come up with a super app for example so you have a super app with 400 personalities the concept of an app or a mobile app in the first place is the fact that it does not mean the use of generative data it has to have 9 types it has to be as simple to run and then give the choices as an option but to be able to say that I will execute that when running 400 devices is going to be different from that perspective that again builds the perfect use case for the metaverse where you can interact with another and then I like what choices you can and the other can then constitute a or rather make a product that is suitable to the customer so there is no perfect way in digital banking in mobile apps today or internet banking to really come out with another person I think that is one more use case third one is with regards to banking when we look at banking and innovation in banking most of that innovation has happened in the idea of banks so when we look at the whole aspect of banking and payments not necessarily looking to banks like as you would have DPRS the concept of banking being model has not really happened in that sense when we look at either the change in technology whether it is with regards to adoption what blockchain and various other such world trends that have happened in the industry and I think the metaverse provides a perfect opportunity for the banks to create and use avatars use the large amount of data that they have utilize and leverage technology like entity behavior and service the customer with hyper-personalized products so that is typically how we really approach this area the other part is with regards to the transition of the soul movement of metaverse into IOV that is going to change the landscape of how industries will operate cross-functionally between each other currently I think one of the pitfalls of the metaverse as a concept is that interoperability is a big question but if that goes to improve with the open APIs and open banking going to open finance token in economy I truly believe that that full shift to open economy can be driven by the metaverse and where we get more so I think those are the driving factors where banks should and will look at metaverse as an area for a channel thank you so quick closing statement basically on a scale of 1 to 10 how would you rank India's positioning in metaverse currently what do you give governments? 7 that's do I have to justify it? I think there's a long long way to go we're doing well the reason I give that relatively high number I think it's on the higher side is because we're well prepared we're starting to put steps in the right direction to achieve this but as I think was mentioned before we are the largest consumer market and we should therefore be setting the pace for an informed I do think that for fair amount of things we are you know still looking outside but we have all the right foundations so I think getting to that 10 over the next 2-3 years is something that we need to tackle I would press 3 from a perspective of adoption but I don't see because you can make up with the amount of commerce that's happening for activities but I think from a perspective of the potential India does higher than any other economy I would say globally primarily because we have the entire digital brains in terms of the stack but it should be telling from other areas so it's all about industries coming together and opting use cases so my opinion is on adoption and on debilitating I would give it a 4 I think it's just about the other things that need to come together I think it's important for excitement as good it's also important for us to stay grounded on there is so much work to be done right everything from hardware interoperability right after adoption all of those things that we have spoken today the role of AI I think I generally believe that without AI it's going to be difficult to scale you will have to have AI in terms of everything from I think we understand photogrammetry as a technique for detecting 3D visualization right there is a lot of work to be done just so that we stay grounded I think it's important I also think from the capability we are higher I would say 8 because we have kind of immersed ourselves into gaming to be able to pandemic we have done a lot of our digital purchases on the way to pandemic we had our entire vaccines so very digital ready and so from the capability even the old way a lot of the blockchain startups they kind of evolved they figured out why I am going to Dubai whatever just to stay alive because they know that we haven't figured out the regulation but from actually this is part of you I would say from a without part of you everyone is at a 4 worldwide I would say India because of certain enthusiast we might be at a 4 4.5 which is worldwide but I think a lot of the kids today are on Minecraft and go blogs maybe 2 years from now we will be leading Christmas Thank you Do we have any questions from the audience? Was that informative? Yes Quickly I think this was a lovely section here Myself and Sai and Congress have met a Sai because we have been in this place for like 4-3 years now so the question especially like I think we have pointed out the developments part the question is more pointed out the user adoption part how to solve it so one thing the perspective should have to happen I think but would love to know your thoughts on it especially like when we talk about metaverse and some things VR actually is needed but most of the metaverse there is no how the song does with the adoption issue I think would love to hear your thoughts So put it in the back For me it's the only way to work is if you have true engagement that is also sticky I think most of the stuff that is happening right now that is the forward everyone is excited about it you will see higher engagement but I think it's not sticky so the right way to do it I think everyone should work on it but how do you continue that engagement beyond the first dog and second dog and how do you keep it sticky stickiness can be simulated in a way or you know accelerated by giving incentive so you keep playing this I will give you a response but that is not true stickiness we need to wait for the person to come back hence we can have genuinely enjoyed myself so much that I want to be back there which is happening in isolated groups if you look online at PR chart that is already starting to happen in a lot of communities who are continuing to provide tremendous things but also outside of the headsets it comes to problems although I think we are going towards a downward welcome also over there but I think on roadblocks it's an amazing way of seeing what is the value of it it is so fun for kids people are spending so much on roadblocks in India and the population as well and that's because that audience which is I think it beats at 14-16 years old not younger than that as a tremendous as amazing like this the best interference to my eyes so I think it's about engagement and stickiness that's what it holds for