Connected future: Digital to spearhead India’s $5 trillion economy ambition

The government has set a target of making India a $5 trillion economy by 2025, from $2.7 trillion in 2018-19 at a growth rate of close to 7%. According to consulting firm EY, digital technologies across sectors such as retail, financial services, healthcare, energy, manufacturing and infrastructure will be fuelling this growth resulting in employment generation, increased local and regional entrepreneurship and facilitate equitable socio-economic growth.

By 2025, digital technologies are expected to generate $1 trillion in economic value. Digital economy has the potential to sustain 60-65 million employment opportunities for women, differently abled people, skilled and semi-skilled workers across digitally enabled businesses in urban, semi-urban, and rural areas. This transformation is expected to create a thriving market for digital services, content, solutions, platforms and applications.