Getting Ready For A Trillion-Dollar Economy

Communication service is key to unlocking the potential of the digital economy. Are the service providers ready with the technology and platform needed to achieve this?

- Dr. Raghu Ranganathan

India’s digital economy is on an incredible growth path. As businesses work toward realizing Digital India initiatives, we will see digital applications and tools penetrate every aspect of daily life, transforming business and empowering citizens to realize their full potential. According to a Ministry of Electronics and Information Technology (MeitY) report, the Indian digital economy has the potential to reach USD 1 trillion by the year 2025, driven in part by a mobile-first society with the growing proliferation of smartphones, affordable data tariffs, and mobile broadband.

The cornerstone of this predicted growth is increased digital adoption. For example, as mentioned in the MeitY report, India’s monthly mobile data consumption per user is now more than 54 times of what it was in 2016, while the monthly fixed-line data consumption more than doubled between 2014 and 2018.