Internet Based Applications To Contribute Rs 18 Trillions To GDP by 2020: Report
The recent study conducted by New Delhi-based International Council for Research in International Economic Relations (ICRIER) entitled ‘Estimating the Value of New Generation Internet based Application Services in India' has revealed that Internet-based applications holds a potential of contributing to around Rs 18 lakh crores to India’s Gross Domestic Product (GDP) by 2020.
The study has been released by telecom minister Manoj Sinha in New Delhi, estimated the internet’s contribution to grow to nearly 16% of India’s GDP by 2020.
“As per the study, a 17% increase in the total internet traffic in India in 2015-16 contributed to an increase of Rs7 lakh crore (7 trillion) in GDP of which at least Rs 1.4 lakh crores (Rs. 1.4 trillion ) was due to internet-based app services. This puts the...