India’s digital economy is booming, expected to grow nearly twice as fast as the overall economy and contribute around one-fifth of national income by 2029-30. The digital economy has already emerged as a significant contributor to economic growth, accounting for 11.74% of GDP in 2022-23. This growth is driven by digital-enabling industries, which have expanded at 17.3% over the past decade.
The growth of digital intermediaries and platforms is expected to drive the digital economy’s expansion in the short term. India is already the third-largest digitalized country globally in terms of economy-wide digitalization. By 2029-30, the digital economy’s share is projected to surpass that of agriculture or manufacturing.
