India’s Internet Economy to Double
India’s Internet Economy to Double

India’s Internet Economy to Double

India’s Internet Economy to Double

India’s Internet economy is expected to double to $250 billion, according to a report by BCG-TiE released late Friday, PTI reported. E-commerce and financial services are expected to drive this growth, accounting for about $40-$50 billion of the Internet economy, followed by e-commerce products ($45-$50 billion), private and government infrastructure spending ($50-$60 billion), connectivity ($45-$55 billion), devices ($30-$40 billion) and digital media and advertising ($5-$8 billion), according to the report. “India’s Internet economy is expected to double from $125 billion to $250 billion, growing from the current 5% to 7.5% of the country’s GDP,” according to the report titled ‘The $250 Billion Digital Volcano: Dormant No More.’ Mobile Internet users in India are expected to double from 391 million to 650 million by 2020, the report said, adding that 85% of these will be high speed internet users against 56% currently. It added that the data consumption by 2020 could potentially increase 10-14 times. The average data consumption is projected to reach 7-10 GB per user per month by 2020.


Short URL : https://goo.gl/RtviBA
  1. https://goo.gl/iA9117
  • https://goo.gl/Hru0yU
  • https://goo.gl/23Cujf
  • https://goo.gl/xtc8Vp
  • https://goo.gl/y172wO

You can also read ...

Debt to GDP ratios across the OECD averaged 73% last year and its members are set to borrow $14.67 trillion from the markets this year.
The world economy is at risk from a rising tide of government...
S&P Ups Russia to Investment Grade
Russia received a long-awaited upgrade to its sovereign rating...
US has accused ABLV of money laundering and breaching  sanctions on North Korea.
The European Central Bank said Saturday it has determined that...
PNB fraud of $1.8 billion is considered as the biggest bank fraud of its kind in Asia’s third-largest economy.
On the morning of February 16, India’s second-largest state-...
China’s Geely Buys $9 Billion Daimler Stake
The founder of Zhejiang Geely Holding Group Co. has...
Thorny issues such as content rules for  cars remain unsolved.
It’s looking increasingly likely Nafta talks will extend...
Mexico Hosts 39 Million Tourists, Earns $21 Billion
Mexico saw record revenues from international tourism in 2017...
Manafort Indictment Spells Trouble for Bankers
Recently filed federal charges against President Donald Trump’...

Add new comment

Read our comment policy before posting your viewpoints