Digital Economy To Reach 20% Of GDP By 2026: RBI

THE sweeping digitisation of the financial markets and payments system will drive the country's digital economy, which currently accounts for a tenth of the GDP, and constitute a fifth or 20% of the GDP by 2026," says a report prepared by the Reserve Bank.

- ARSHAD KHAN

Several enabling forces have come together to energise this revolution. Though Internet penetration was at 55% in 2023, the Internet user base has grown by 199 million in the recent three years. In India, cost per gigabyte of data consumed is the lowest globally at an average of