Global Ranking
- India’s entire economy: 3rd largest in the world.
- India’s ‘user’ digital economy: Ranked 28, globally.
- Overall Digital Economy Rank, combining both metrics: 8th place.
- Digital Growth vs. User Experience
- Though there is high aggregate digitalisation, the average individual in India has a very modest use of digital technologies.
- Internet connectivity is relatively wide, yet user spending in the digital economy is lower when compared to its size.
Growth of Digital Economy
- Growing at twice the rate of the economy as a whole.
- Expected to form 20% of India’s GDP by 2029.
- Investment Opportunities
- Potentially enhance penetration through expanding digital infrastructure.
- AI readiness & access quality, which come under the aegis of the CHIPS framework, are the key focus areas.
Source: The Hindu
