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India's digital economy may cross $1 tn by 2022: Report

By The Assam Tribune
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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

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India

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

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