India is Facebook’s Second Largest Market, Says Facebook COO

Facebook chief operating officer (COO) Sheryl Sandberg has said India is the second largest market of the social networking website Facebook. “India is Facebook’s second largest market, fastest growing market and fastest growing Internet connectivity in Asia Pacific. It is of high priority for us,” she said.

India has the highest number of Facebook users outside the US. As per research firm eMarketer, India will account for the fastest growth in people using the social networking platform this year. More than 100 million Indians have their accounts on the site.

Sandberg also said that India has the potential to become the world's largest economy. “India has the potential to become the largest economy in the world. And if you look at economic growth, particularly recently, jobs are a very hard situation all over the world. From the US to developing markets, everyone is very concerned about jobs. And the majority of the growth, as I understand it, is certainly here, certainly in the US. In most countries, I have visited, SMBs are the way to growth," she said.

Emphasising on entrepreneurship, she said, "The answer to growth is entrepreneurship."

"Individuals are creating businesses and employing other people, and in India, the small and medium businesses (SMBs) growth is strong. And the Internet provides more growth stories to SMBs. People are connecting to people and getting more customers and that's what leads to economic growth," she added.