[...] Yes..I think so. We are still missing a large chunk of the first generation websites – a point that I’ve tried to capture earlier (I’ll try to refrain from rehashing the same thing again). At the same time, We’ve had the benefit of observing the evolution of websites in the US. Based on these observations, one of the lessons we can learn is that the Web2.0 paradigm is a better way of connecting with users, increasing usability and building an online community. So, if and when these missing online services emerge in India, we can apply the Web2.0 paradigm to these services. Note that when I talk about applying the Web2.0 paradigm, I imply the above (2) points – usability and interactivity features. I dont mean that we can fast forward directly from portals and news sites to video sharing sites. We still need an online payment system, a WebMd, a TicketMaster, a citysearch etc.. [...]

The two main hindrances facing the mobile medium in my view:
1) clunky method of key inputs
2) Small screen size

Unless something changes drastically in the mobile handset design, these two reasons may become a hindrance in Internet access via the mobile. SMS is great and very widely used – but SMS has a limitation on # of characters.