Speaking at the 45th World Economic Forum Annual Meeting Jack Ma, who is also China's richest man, said he aims to serve 2 billion consumers and help 10 million small businesses outside China sell their products through the Internet.

Asked whether the investors were convinced about promises being made by the government, Mr Kotak said, "Investors are certainly interested in India, but long term strategic investors want to see some more action on the ground."

While digital economy and emerging trends in the technology space remained a key point during various sessions at the World Economic Forum here, Mr Chandrasekaran said 'Internet of Things' (IoT) would transform every company, industry and even the society going forward.