By Sweata Saha
It was informed by the State for Electronics and Information Technology that by 2026, the digital market of India will hold a big position in contributing to the country’s GDP. Rajeev Chandrasekhar, union minister, said on Thursday that by 2026, around 20% of India’s GDP will be contributed by the digital economy.
What was the percentage of growth of Indian GDP in digital economy?
Chandrasekhar further said that India is adopting technology very fast and is also taking its stand in the world. He also addressed the G20 Digital Innovation Alliance Summit. He said that by 2014 it was seen that the digital economy had gone from 4.5% to 11% of the total GDP. And that he highly predicts that the percentage will go up to 20% to GDP.
What can be the future of digital economy in India?
The minister further pointed out how every citizen of India is connected to the digital economy. He says that every customer is consuming this digital services like Instagram, Digital Public Infrastructure, etc. This further connects the consumers to the government and governance.
What is the focus of youth in Indian digital market?
The idea of tech being centered around some particular corporation or companies is drastically changing to the hands of younger generation. This new growing digital world is trying its best to support the Indian GDP. The youth’s contribution in digital economy is growing with the engaging of digital services like using of cloud and all of downstream and upstream impacts.
The startups are as well making a huge part of this growing economy lead by the youth. The new digital innovations made in India is not just for the sake of innovation, but rather to deliver different types of solutions to ease and transform the lives of the people.
Ridhi Jain