This projection will surpass government’s expectations to make India into a $ 1 trillion digital economy.
In sync with this, the central government is likely to push for new electronics policy, software product policy and a framework for data security and protection.
According to media reports, make in India, Start-Up India, Skill India and digital payments are the key drivers of the digital economy. It was also projected that the digital economy will create 30 million employment opportunities by 2024-25.
Telecom and e-commerce are projected to grow to $ 150 billion each. Digital payments, cyber security and Internet of Things, all are expanding at a significant pace and are expected to touch $ 50 billion, $ 35 billion and $ 20 billion, respectively.