India is in full bloom in the field of sharing economy. There are many start-ups of sharing economy in the fields of travel sharing, short-term rent, education sharing, second-hand transaction, task service and so on. Among them, olacab, a sharing travel application, is promoted to Unicorn with a valuation of 5 billion US dollars. Behind India's booming sharing economy is the dividend of India's large population.

 Large number of Internet users in India

Although the Internet penetration rate in India is relatively low (34.8%, the lowest among 19 typical countries), its population base is large (only next to China, with a population of 1.3 billion), and the number of Internet users is nearly 500 million, far surpassing that of the United States, only next to China. The huge number of Internet users provides the basis for the popularization of Internet Applications (including sharing economic applications).

According to KPCB, the size of users in India is one of the world's top Internet giants. For example, India is the second largest user market in the world for Facebook, LinkedIn, WhatsApp and twitter.

 Large population dividend

India is enjoying a huge demographic dividend, with a median age of 25.9 and 65% of the population under the age of 35. The attitude and consumption habits of young people will promote the development of the sharing economy.

High population density

India's urbanization is developing rapidly. According to grabonrent, the proportion of urbanization population in India is 31% in 2011, and it is expected to grow rapidly to 65% in 2025. High density urban population will enhance the matching of supply and demand, and promote the full flow of shared resources.