India’s internet economy is projected to reach $1 trillion by 2030, showing substantial growth from $175 billion in 2022, as per a joint report by Google, Temasek, and Bain & Company. The report highlights that the expansion of the digital sphere is propelled by increased digital consumption in sectors like e-commerce, online travel, food delivery, and ride-hailing.
The growth of the digital economy is also anticipated to enhance India’s attractiveness as an investment destination in the coming years. The report reveals that three out of five investors expect increased deal activity in India within the next two to three years. Additionally, a majority of investors have expressed their intention to allocate over 75% of their funds to digital investments in the next five to seven years.
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