India emerging as world's fastest growing smart card market-RNCOS

摘要

With the global smart card shipments increasing stupendously for the past few years, India, with over one billion population and increasing modern application areas, is emerging as one of the world's fastest growing smart card markets, according to a new research report, "Smart Card Market Forecast to 2014" by RNCOS.A number of government-run programmes, like Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), e-Pass-port, and e-driving licence, among others employ smart cards. With these, the smart card market in India is anticipated to grow at a CAGR of around 15% during 2011-2014.