Growth driver

Expanding internet economy will increase opportunities

A research report titled “e-Conomy”, jointly presented by Google, Bain, and Temasek, makes startling projections about India’s internet or online economy. It projects the internet economy, worth $155-175 billion in 2022 (converted at Rs 77.2 per US dollar and calculated at constant 2020-21 rupees), will grow to $1 trillion by 2030 and include a large export component. At $1 trillion, “online” would contribute 12-13 per cent of gross domestic product (GDP), implying an economy of more than $8 trillion. That’s an implied GDP growth rate over 10 per cent in 2023-30. The online economy would overtake information technology services, which