Team Blitz India
NEW DELHI India’s internet economy is expected to touch $1 trillion by 2030. This huge growth will be mainly driven by the e-commerce vertical, a joint report by Google, Temasek and Bain & Company released on June 6 said.
A joint report released by Google, Temasek and Brann & Company said that India’s internet economy can grow 6 times and touch $1 trillion by 2030. This growth in the country’s digital economy will be driven by the e-commerce sector.
According to the report, India’s internet economy is estimated to be in the range of $155-175 billion in 2022. The key factors to drive this growth include the B2C e-commerce segment, followed by B2B e-commerce, software-as-a-service (SaaS) providers and online media led by over-the-top players, said the report.
“India’s internet economy is expected to grow 6 x to USD 1 trillion by 2030,” said Google India, Country Manager & Vice President, Sanjay Gupta.
He said that in the future most of the purchases will be done digitally. Gupta added that while startups have led the path of digital innovation, small and medium businesses and large enterprises have started to use digital technologies to become more competitive after the pandemic.
