A BCG-TiE report titled 'The $250 Billion Digital Volcano: Dormant No More' says that financial and e-commerce services are likely to comprise $40-$50 billion, while the share of e-commerce products will be $45-$50 billion. Digital media and advertising are expected to be at $5-$8 billion.
India's mobile internet user base will grow from 391 million users to 650 million users by 2020. Data consumption will also witness a rise of 10-14 times, with every user projected to use 7-10 GB data per month by 2020, adds the report.
The average time spent on the internet will also increase by 3-4 times due to high-speed internet adoption by 2020, said media reports quoting the BCG-Tie analysis. (KD)
Fibre2Fashion News Desk – India
| On 23rd May 2022
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