NEW DELHI, Oct 26: India's digital economy is likely to cross $1 trillion by the financial year 2022, a KPMG report said.
The report launched at the India Mobile Congress 2018 also forecasts that mobile data usage in the country is likely to surge five times by 2023.
"In a sign of the country's ascendancy and as a testimony to the telecom sector's blistering pace of growth, India became the world's second-largest telecom market in 2018 with over a billion subscribers," said the report. "With the given trends, the digital economy is expected to cross $1 trillion by FY22."
According to the report, the total mobile subscriber base is expected to reach 1.28 billion in FY 2022 and data consumption is expected to reach 7 GB (giga bit) per subscriber per month. - IANS
