Public cloud computing can add $ 100 bn, 2.4 lakh jobs to Indian economy by 2023: Report

Deployment of the public cloud computing system can add around $ 100 billion to the Indian economy and generate 2.4 lakh direct jobs by 2023, a report released on Wednesday said.

“Public cloud deployments in India have the potential to contribute approximately $ 100 billion in GDP (gross domestic product) cumulatively from 2019 to 2023. When annualised, this is equivalent to 0.6 per cent of GDP and 15 per cent of the GDP impact of the IT industry and 25 per cent of the textile industry in India,” the Google Cloud-BCG joint report said.

According to the report, manufacturers and financial institutions are still in the early stages of public cloud adoption due to the perceived complexity of migrating legacy data and evolving government regulations around data and security.