India’s internet economy to grow 6-fold to $1 trillion by 2030: Report

India’s internet economy is expected to register six-fold growth and touch $1 trillion by 2030, mainly driven by the e-commerce vertical, a joint report by Google, Temasek and Bain & Company released on Tuesday said.

The report estimates that India’s internet-economy was in the range of $155-175 billion in 2022.

According to the report, the growth will be led by the B2C e-commerce segment, followed by B2B e-commerce, software-as-a-service providers and online media led by over-the-top players.

“India’s internet economy is expected to grow 6 x to $1 trillion by 2030,” Google India, Country Manager & Vice President, Sanjay Gupta said while sharing details of the report.