Digital Technologies To Generate $1 Trillion Economic Value For India: EY

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  • India is expected to have 90 per cent Internet penetration with 850 million users
  • The digital economy has the potential to sustain 60-65 million employment opportunities for women, differently-abled people, skilled and semi-skilled workers
  • The Indian e-commerce and consumer internet sectors are also set to reach $200 billion by 2027
  • Rural Internet users are expected to increase by 2.5 times, in comparison to the urban internet users
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According to a report by EY, digital technologies are all set to generate $1 trillion in economic value for India. It will contribute 20 per cent to the country’s nominal GDP and sustaining 60-65 million jobs by 2025.

A closer look

The report noted that by 2025, India is expected to have 90 per cent Internet penetration with 850 million users, with rural base growing 2.5 times as compared to the urban base. It said that the digital economy has the potential to sustain 60-65 million employment opportunities for women, differently-abled people, skilled and semi-skilled workers across digitally enabled businesses in urban, semi-urban and rural areas.

The Internet user base in India is expected to reach 627 million by the end of 2019 – second only to China, which is expected to reach about 850 million by 2025. Rural Internet users are expected to increase by 2.5 times, in comparison to the urban internet users.

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As per the report, the Indian e-commerce and consumer internet sectors are also set to reach $200 billion by 2027 and is a significant avenue to provide employment and build entrepreneurship in the country.

It added that by scaling 80 per cent of India’s e-commerce supply chain to digital value chain, one could generate an additional economic value of $5 billion to $10 billion in 2025.

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