Digital economy to contribute 20% of India`s gross domestic product by 2026: Union minister Rajeev Chandrasekhar
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Union minister Rajeev Chandrasekhar has said that the digital economy will contribute 20 per cent of India's gross domestic product (GDP) by 2026. Chandrasekhar asserted that India has now become the fastest growing digital economy in the world.
She stated, in 2014, the digital economy was around 4.5 per cent of the GDP and today it is 11 per cent. By 2026, digital economy will account for 20 per cent or one-fifth of the Indian GDP. He added targets and ambitions set by Prime Minister Narendra Modi when he launched ‘the Digital India' programme in 2015 have transformed qualitatively as well as quantitatively our economy, our innovation ecosystem and our position as a nation in the world’.
Further, he said India's position has transformed from being the consumer of technology for nearly three decades to being the producer of devices, products and platforms for the world. Besides, he said it was a remarkable transformation during the last nine years under the PM. Indian economy, which was once dominated by a few groups or segments, has now become a highly diversified economy.
