India’s digital economy will constitute nearly a fifth of overall GDP by 2030: ICRIER

Current Context: The report is titled "Estimation and Measurement of India's Digital Economy". It was released by the Indian Council for Research on International Economic Relations (ICRIER) in collaboration with the Ministry of Electronics and Information Technology (MeitY) on January 23, 2025.

• Key Points:
• The report projects that India's digital economy will grow nearly twice as fast as the overall economy.
• By 2030, the digital economy is expected to constitute nearly 20% of India's overall GDP.
• The report highlights the transformative potential of digital platforms and services in driving economic growth.
• It also emphasizes the increasing importance of digital intermediaries and the digitalization of traditional sectors.

Question:

1 What percentage of India's overall GDP is the digital economy expected to constitute by 2030?

• A) 20%
• B) 15%
• C) 18%
• D) 25%

Answer: A) According to the report, by 2030, India's digital economy is projected to form nearly 20% of the overall GDP, showcasing the transformative impact of digital technologies.