India's Internet economy to reach $250 bn by 2020

India's Internet economy is expected to reach $250 billion by 2020 thanks to rapid growth in mobile Internet users in the country.

E-commerce and financial services are projected to lead this growth. For instance, share of digital payment transactions could more than double to go up to 30–40% by 2020. Digital economy will have a much broader influence beyond the direct economic impact. Digital adoption will deliver several citizen-centric social benefits like enhancing ease of doing business, improving access to services and products and transforming governance.

According to BCG-TIE Report, the mobile internet users is expected to grow rapidly to 650 million mobile internet users by 2020 and high speed mobile internet adoption is set to reach 550 million users by 2020. Average data consumption is expected to reach 7-10 GB per user per month by 2020...Read More

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