The gross merchandise value of India’s internet economy, encompassing fintech, SaaS, B2C and B2B e-commerce, will hit $1 trillion by 2030 driven by increased private consumption in Tier 2 geographies, digital public infrastructure and global investments in the country’s technology sector, according to a report authored by Google, Bain and Temasek.
India’s Increased Internet Economy
According to the report, the value of India’s internet economy in 2022 was estimated to be in the range of $155 billion to $175 billion. The report highlights that the growth of the internet economy will be primarily driven by the business-to-consumer (B2C) e-commerce sector, followed by business-to-business (B2B) e-commerce, software-as-a-service (SaaS) providers, and online media platforms, with…
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