India's Internet Economy to Grow 6-fold to $1 trillion by 2030: Report
Images Retail|June 2023
India's internet economy is expected to register six-fold growth and touch $1 trillion in terms of online transaction value by 2030, mainly driven by the e-commerce vertical, said a joint report by Google, Temasek and Bain & Company
India's Internet Economy to Grow 6-fold to $1 trillion by 2030: Report

The report estimates that India's internet economy was in the range of $155-175 billion in 2022. According to the report, the growth will be led by the B2C e-commerce segment, followed by B2B e-commerce, software-as-a-service providers and online travel segment.

"India's Internet economy is expected to grow 6X to $1 trillion by 2030," said Sanjay Gupta, Google India Country Manager & Vice President. Gupta said while startups have led the path of digital innovation, small and medium businesses and large enterprises after the pandemic have started to use digital technologies to become more competitive.

This story is from the June 2023 edition of Images Retail.

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