Home / Knowledge / News / Apparel/Garments / Indian online economy to touch $250 bn by 2020: Report
Indian online economy to touch $250 bn by 2020: Report
Apr '17
An explosive growth in online data consumption and a strong addition in internet users will result in the Indian internet economy reaching $250 billion by 2020, says a report. The online economy is likely to grow from $100-$130 billion (5 per cent of GDP) to $215-$265 billion (7.5 per cent of GDP) by 2020 owing to growing e-commerce and financial services.

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

Must ReadView All

Pic: Shutterstock

Textiles | On 3rd Dec 2020

PRC overtakes US to turn EU's biggest trading partner

China has overtaken the United States in the third quarter of this...

Pic: Shutterstock

Textiles | On 3rd Dec 2020

Vietnam's textile-garment exports likely to reach $34 bn

Vietnam's textile and garment industry is predicted to earn $33.5-$34 ...

Pic: Shutterstock

Textiles | On 3rd Dec 2020

Uzbek firm to supply cotton fabrics to Ukraine

Uzbekistan's Textile-Contact Company recently signed a $12-million...

Interviews View All

Victor Chao, Esmetex

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Siddhant Sinha,

Siddhant Sinha

Set up by Pradeep Sinha, a graduate engineer from Manipal Institute of...



Italtex is a leading studio publishing fabric trend-books since 1959....

Devendra Gupta,

Devendra Gupta

Reforce, a start-up based in Gurgaon, aims to revolutionise the fitness...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Aneeth Arora, Péro

Aneeth Arora

The Woolmark Company has partnered with handmade fashion label Péro and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

December 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search