India To Reach $1 Trillion Digital Economy In Coming Years



India To Reach $1 Trillion Digital Economy In Coming Years


India is evolving and growing up with technology, India tops smartphone markets and has one of the best smartphone market in the world. The digital economy has made india to rise up and Currently standing at $400 billion, the economy is set to double to $1 trillion.


India To Reach $1 Trillion Digital Economy Coming Years

India is evolving and growing up with technology, India tops smartphone markets and has one of the best smartphone markets in the world. The digital economy has made India rise up and Currently standing at $400 billion, the economy is set to double to $1 trillion.

Union IT Minister Ravi Shankar Prasad said, “India’s digital economy is currently $400 billion and in the coming 5-7 years, it is going to become a $1-trillion economy”.

The minister speaking at an event organized by Indian Chamber of Commerce and was impressed about India’s potential. Furthermore, he added that the government is making more efforts to increase the indian digital potential to its highest level. It is implementing the National Optic Fibre program that now connects 1 lakh gram panchayats digitally. The target is to get 2.5 lakh such villages connected by 2018.

Digital Economy

It is implementing the National Optic Fibre program that now connects 1 lakh gram panchayats digitally. The target is to get 2.5 lakh such villages connected by 2018. Though it will be a huge job to deal with but the minister is quite confident that this will be done by 2018.

Apart from that, programs like Digital India, Make in India will augment the Indian Digital economy in the coming years. Also, initiatives like the digital literacy program will help educate six crore families paving the way for the future digital revolution.

India has become the home of smartphone manufacturers, Each and every company has its product launched here in India

the smartphone revolution has seen up to 72 manufacturing units setup in the country in the previous three years. The IT minister considers industries like IT ITES, cyber security, e-commerce and digital payments as important elements of the growth equation. He expects 5-7 years will be needed to achieve the lofty $1 trillion target.

The Indian government is making more efforts to increase the Indian digital potential to its highest level. It is implementing the National Optic Fibre program that now connects 1 lakh gram panchayats digitally. The target is to get 2.5 lakh such villages connected by 2018.

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