Internet technology to contribute up to 3.3% to India’s GDP by 2015: Report

Internet services and devices industry has potential to increase its contribution to up to 3.3 per cent to India’s gross domestic product by 2015, a report by McKinsey & Company said today.”The Internet currently contributes a modest 1.6 per cent to India’s GDP in line with most aspiring countries. This could grow to 2.8-3.3 per cent by 2015, if India achieves its potential for growth in the number of Internet users and Internet technology related consumption and investment over this period,” it said. see:Internet could contribute US$100B to India’s GDP by 2015
The Internet industry’s contribution to India’s gross domestic product (GDP) could jump from the current 1.6 percent to between 2.8 percent and 3.3 percent by 2015.Citing a new McKinsey & Company report, the Economic Times said Wednesday the increase from US$30 billion now to nearly US$100 billion in 2015 is provided India reaches its potential in growing the number of Web users and the level of Internet consumption and investment during that period.

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