Digital sectors can comprise 10% of GDP by 2025: McKinsey

Low income states are leapfrogging growth thanks to internet penetration

Thanks to growing digital adoption in India, core digital sectors such as IT and business process management (IT-BPM), digital communication services, and electronics manufacturing could account for 8-10 per cent of GDP by 2025, up from 7 per cent in 2017-18, noted a new report by McKinsey Global Institute. 

Newly digitizing sectors (including agriculture, education, energy, financial services, healthcare, logistics, and retail) as well as digital applications in government services and labour markets could each create $10 billion to $150 billion of incremental economic value in the same period. 

Some 60 million to 65 million jobs could be created by