Internet users in India to rise by 40%, smartphones to double by 2023: Report

New Delhi: With data costs falling by 95 per cent since 2013, India will see internet users rise by about 40 per cent and number of smartphones to double by 2023, McKinsey said in a report. It also expects core digital sectors to jump two-fold to USD 355-435 billion by 2025.
The report ‘Digital India – Technology to Transform a Connection Nation’ by McKinsey Global Institute said the country is one of the largest and fastest-growing markets for digital consumers, with 560 million internet subscribers in 2018, second only to China.
Indian mobile data users consume 8.3 gigabits (GB) of data each month on average, compared with 5.5 GB for mobile users in China and 8-8.5 GB in advanced digital economy of South Korea. Indians have 1.2 billion mobile phone subscriptions and downloaded more apps — 12.3 billion in 2018 — than residents of any other country except China.