India’s digital economy

March 7, 2025 10:27 AM

India’s digital economy grows 10 times, races towards $1 trillion mark

India’s digital economy has grown 10 times, racing towards the $1 trillion mark amid an evolving IPO market which accounted for over 30 per cent of global listings last year, a report showed on Friday. India contributed 31 per cent of the global IPO volume in the past year — with $3 billion raised in overall fundraising — as the country is aiming for a $13 trillion market capitalisation by 2030, driven by strong investor participation, according to a report by Redseer Strategy Consultants...

January 29, 2025 2:59 PM

India’s Digital Economy set to drive nearly 20% of GDP by 2029-30

India's digital economy will contribute nearly one-fifth of the national income by 2029-30, surpassing agriculture and manufacturing in less than six years. With an 11.74% share in GDP in 2022-23 (INR 31.64 lakh crore or USD 402 billion), the digital economy has emerged as a key driver of economic growth. It employs 14.67 million workers (2.55% of the workforce) and is nearly five times more productive than the rest of the economy, according to the Ministry of Electronics & IT. India: Now t...

January 23, 2025 12:27 PM

India’s digital economy set to drive one-fifth of GDP by 2030: MeitY report

India’s digital economy is projected to grow nearly twice as fast as the overall economy, contributing close to one-fifth of the country’s national income by 2030, according to a report from the Ministry of Electronics and Information Technology (MeitY). The report, titled Estimation and Measurement of India’s Digital Economy, reveals that the digital sector accounted for 11.74% of national income, amounting to ₹31.64 lakh crore (approximately USD 402 billion) in GDP, in 2022-23. The r...