India's Internet Economy To Reach $1 Trillion By 2030: Report
NDTV
The internet economy's share in India's GDP will increase from 4-5% to nearly 12-13% in 2030, said a report by Google, Temasek and Bain & Company.
India's internet economy is expected to grow six-fold to a trillion dollars by 2030 with households doubling their income in the next seven years, said a report by Google, Temasek and Bain & Company.
The internet economy's share in India's GDP will increase from 4-5% to nearly 12-13% in 2030, with 350 million digital payment users and 220 million online shoppers leading the growth, the report said.
The 'e-Conomy' contribution to India's technology sector is expected to rise to 62% in 2030 from 48% in 2022.
The report titled 'The e-Conomy of a Billion Connected Indians' said India's internet economy is "roaring" towards a trillion from around $175 billion of consumption in 2022, due to a continued shift in consumer behaviour and evolution of the business ecosystem.