India’s digital economy grew 2.4 times faster than economy in 2014-19: RBI article

India’s digital economy grew 2.4 times faster than the economy between 2014 and 2019 generating around 62.4 million jobs, said a paper published in the latest bulletin of the Reserve Bank of India. In absolute terms, the size of the digital economy has grown from $107.7 billion in 2014 to $222.5 billion in 2019.

In absolute US dollar terms, India’s digital economy exhibited a growth rate (compounded annually, CAGR) of 15.62 per cent between 2014 and 2019, while India’s economy (GVA) grew annually at a compound rate of 6.59% (as per ADB’s IO tables).