India4u:
By 2018 how 500 million Internet users will transform India and could birth a US $ 200 -billion digital economy and rewrite many rules. But connectivity and languages are big challenges that need to be cracked writes Shelley Singh in Economic Times of February 26, 2015. Some of the facts which touch the impact on Economy & Financial are as under:
* 10% rise in internet penetration increases GDP by 1.08%By 2018 how 500 million Internet users will transform India and could birth a US $ 200 -billion digital economy and rewrite many rules. But connectivity and languages are big challenges that need to be cracked writes Shelley Singh in Economic Times of February 26, 2015. Some of the facts which touch the impact on Economy & Financial are as under:
* If internet were a sector its weight in GDP would be greater than that of agriculture or utilities
* Increase in net maturity in the West led to rise in GDP per capita of $500 on average in the past
15 years. It gook 50 years of industrial revolution to achieve the same.
* Aadhaar-linked mobile banking and payments will accelerate spread of banking pan-India. The
have-nots will leapfrog into banking. Without the internet, increase in banking penetration could
take 30 years.
* The internet will enhance market reach of products and services.
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Sunder Thadani
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