India’s digital economy will constitute nearly a fifth of overall GDP by 2030: ICRIER
Current Hunt Team
India’s digital economy will constitute nearly a fifth of overall GDP by 2030: ICRIER.
India’s digital economy will contribute 13.42% in national income by the end of 2024–25. In 2022-23, its contribution was 11.74%.
A report regarding the size of the digital economy was prepared by the Indian Council for Research on International Economic Relations (ICRIER).
ICRIER in its report included the Digital share of traditional industries like trade, banking, financial services, and insurance (BFSI) and education in the Digital Economy.
Under this framework, the digital economy in 2022–23 was ₹28.94 lakh crore in Gross Value Added (GVA)] and ₹31.64 lakh crore (~$402 billion) in GDP.
As per the report, Information and communications technology firms, telecom activities, and electronics manufacturing contributed 7.83% to the national GVA.
As per the report, the contribution of sectors like e-commerce and digital-only services is currently limited.
