India's digital economy may cross $1 tn by 2022: Report


New Delhi, Oct 26 (IANS): India's digital economy is likely to cross $1 trillion by the financial year 2022, a KPMG report said here on Thursday.

The report launched at the India Mobile Congress 2018 also forecasts that mobile data usage in the country is likely to surge five times by 2023.

"In a sign of the country's ascendancy and as a testimony to the telecom sector's blistering pace of growth, India became the world's second-largest telecom market in 2018 with over a billion subscribers," said the report.

"With the given trends, the digital economy is expected to cross $1 trillion by FY22."

According to the report, the total mobile subscriber base is expected to reach 1.28 billion in FY 2022 and data consumption is expected to reach 7 GB (giga bit) per subscriber per month.

The expansion will "further witness digital diversity in the online audience taking it from the current 225 million in FY18 to 550 million by FY23," the report noted.

Speaking on the findings of the report Purushothaman KG, Partner-TMT Advisory, KPMG in India said, "Our studies globally, across 15 countries including India, ranks India in the top three on tech leadership and shows most promise for disruptive technological breakthroughs that will have a global impact."

  

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Comment on this article

  • AShok Achar, Shirva/Dubai

    Fri, Oct 26 2018

    Now BJP Bhakths would be praising themselves for this development. But fact is if it was other Govt. it would prosper more and earlier cause BJP is more focussed on COW protection and lynching, Rapes etc.

    Here as time flies new technology comes in. Earlier in congress era , Televsion,satellite TV, Telephone, Pager, ATM's etc were the trend and that prospered. Now if still Congress was there may be digital economy would have grown tremendously

    Here BJP growing digitisatoin just for lynching, spreading hatred, Comunal discomfort etc.

    DisAgree [1] Agree [1] Reply Report Abuse

  • Vincent Rodrigues, Katapadi/Bangalore

    Fri, Oct 26 2018

    All this expectation may be complied if the country is governed with stability and progress as the main agenda.

    DisAgree Agree [2] Reply Report Abuse

  • AMAR NATHAL, MANGALORE

    Fri, Oct 26 2018

    Anything digital ask Ambani. From Demonetization through Rafale to Mobile offer monopoly without selling them.

    DisAgree [1] Agree [4] Reply Report Abuse

  • David Pais, Mangalore

    Fri, Oct 26 2018

    when rajiv gandhi opened da atm facility in delhi bjp protested of loosing da jobs 2 young people. becoz of rajiv gandhi india was prosperous as on 2014. after 2014 india is a jobless country becoz of chichi chiwala. chi, chi....

    DisAgree [2] Agree [12] Reply Report Abuse

  • mohan, Mangalore

    Fri, Oct 26 2018

    Haa haa... but how .. there is no employment...no new company......no foreign investment......70% smale scale companies closed......ni infrastructure development.....tourism's is reduced... ... Indian rubies devalues.
    How it is possible... . Only by heavy taxation and looting poor public.....

    DisAgree [3] Agree [8] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Oct 26 2018

    Thanks to Pakoda's ...

    DisAgree [4] Agree [8] Reply Report Abuse

  • Kiran, kaup

    Fri, Oct 26 2018

    DONT TELL THANKS

    DisAgree [1] Agree [1] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Oct 26 2018

    Thanks was not for You ...

    DisAgree Agree [1] Reply Report Abuse


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