NEW DELHI: The government planning to hire an agency that will measure the actual size of the digital economy which is estimated to be around 1 trillion by 2025, according to an official document.
The assigned agency will be roped in for a period of nine months for the completion of task. The agency would be liable to submit the draft report on estimation of the digital economy size and its projections from the current financial year to 2029-2030.The submission will be undertaken by the Ministry of Electronics and IT (MeitY) within 32 weeks from the date of selection.
The Centre in its request for proposal aims to invite proposition in the area of estimation and measurement of India’s digital economy including the formulation and its framework.
It underlined the process to be done capturing data and identifying the digital interventions. Furthermore, the report will also look into state rankings and their share in the digital economy, along with the ecommerce’s impact and economy in emerging technology.
Report even mentioned that a collective action will be required to work in collaboration with government and private/social sectors.
Earlier, the ministry had published a report titled ‘India’s Trillion Dollar Digital Opportunity’ which identified 30 digital themes ranging from IT infrastructure, software capabilities and healthcare education to nextgeneration financial services.
It estimated digital transformation will create $1 trillion worth of economic value by 2025
