India’s the second fastest digitising economy in the world: McKinsey

The fast-growing digitisation of the Indian economy has potential to not only boost core sectors like IT, digital communication, and online retail but also transform several other areas of the economy — financial services, agriculture, logistics and education.

India had 560 million connected internet users, and citizens downloaded 12.3 billion mobile applications in 2018, more than any other country except China. The average Indian social media user spends 17 hours on the platforms each week, more than social media users in China and the US, says a new study by McKinsey Global Institute.