"The best thing about India is we don't have to replace anything," says Sachin Bansal. He founded Flipkart, an online marketplace, with $8,000 in 2007. When it lists later this year, India's answer to Amazon is likely to be valued at $15 billion. That is because Indians are learning to leapfrog, says Mr Bansal. Many will never see a supermarket, but will go straight from shopping in local kirana (neighbourhood) shops to ordering online. He expects his firm, eventually, to create jobs for 2m.
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