The number of internet users in the country is hiking day by day. Thanks to the e-commerce and financial services, the internet economy in India is estimated to take a surge from $125 billion to $250 billion in near future. The country’s GDP is expected to grow from 5% to 7.5% according to the report by The Boston Consulting Group (BCG) and The Indus Entrepreneurs (TIE).
Indian internet economy is currently standing at the number #2 position worldwide in the mobile internet users with over 391 million users. ‘The $250 Billion Digital Volcano: Dormant No More’ report stated that the users could grow to 650 million in just a couple of years. The data consumption by the mobile users will evidently increase 10 to 14 times minimum.
A BCG Partner, Nimisha Jain spoke on this saying two estimations. One of them is by 2020, the number of 4G enabled devices will grow six times to 550 million making the 70% of the mobile phones as 4g devices. The second one is Reliable high-speed data will also become less expensive and much affordable than now.
High-speed data adoption will possibly increase to 550 million by 2020 itself.The average data consumption keeps on growing day by day which may reach to 7 – 10 GB per user by 2020.
Geetika Dayal, Executive Director, TiE Delhi claimed that Innovation leads to sustainability and which grows the current entrepreneurship by enabling India to write its success story.
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