Parul
Indian internet economy is expected to register six-fold growth and touch USD 1 trillion by 2030, mainly driven by the e-commerce vertical, a joint report by Google, Temasek and Bain & Company released on Tuesday said.
The report estimates that India’s internet economy was in the range of US$ 155-175 billion in 2022.
According to the report, the growth will be led by the B2C e-commerce segment, followed by B2B e-commerce, software-as-a-service providers and online media led by over-the-top players.
India’s internet economy is expected to register six-fold growth and touch US$ 1 trillion by 2030, mainly driven by the e-commerce vertical, a joint report by Google, Temasek and Bain & Company released on Tuesday said.
The report estimates that India’s internet-economy was in the range of USD 155-175 billion in 2022.
According to the report, the growth will be led by the B2C e-commerce segment, followed by B2B e-commerce, software-as-a-service providers and online media led by over-the-top players.
The report estimates B2B e-commerce to grow 13-14 times to USD 105-120 billion, from around USD 8-9 billion in 2022.
The software-as-a-service segment is expected to grow 5-6 times to USD 65-75 billion by 2030, from USD 12-13 billion in 2022.
Temasek, Managing Director (Investments), Vishesh Shrivastav said India is now a new hope for the growth of global GDP.
