According to the report, B2C e-commerce is expected to grow 5-6 times to US$350-380 billion by 2030, from about US$60-65 billion in 2022. (Representational image)
The report estimated India’s internet-economy to be in the range of USD 155-175 billion in 2022.
India’s internet economy is expected to register six times growth and reach USD 1 trillion by 2030, mainly driven by the e-commerce vertical, said a joint report released by Google, Temasek and Bain & Co on Tuesday. Powered by The report estimated India’s internet-economy to be in the range of USD 155-175 billion in 2022.
As per the report, the growth will be led by the B2C e-commerce segment, followed by over-the-top players in B2B e-commerce, software-as-a-service providers and online media. Sharing the details of the report, Google India Country Manager and Vice President Sanjay Gupta said, “India’s internet economy is expected to grow 6X to $1 trillion by 2030.”
He said that in future most of the purchases would be done digitally. Gupta said that while startups have taken the lead in digital innovation, post-pandemic small and medium businesses and large enterprises have started using digital technologies to become more competitive.
According to the report, B2C e-commerce is expected to grow 5-6 times to US$350-380 billion by 2030, from about US$60-65 billion in 2022. The report estimates that B2B e-commerce will grow 13-14 times to reach USD 105-120 billion by 2030, from around USD 8-9 billion in 2022.
The software-as-a-service segment is expected to grow 5-6 times to reach US$65-75 billion by 2030 from US$12-13 billion in 2022. Vishesh Srivastava, Managing Director (Investments), Temasek said that India is now a new hope for global GDP growth.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI,
