Mobile Congress 2018: India's digital economy may cross $1 tn by 2022: Report
According to the report, the total mobile subscriber base is expected to reach 1.28 billion in FY 2022 and data consumption is expected to reach 7 GB (giga bit) per subscriber per month.
![Mobile Congress 2018: India's digital economy may cross $1 tn by 2022: Report Mobile Congress 2018: India's digital economy may cross $1 tn by 2022: Report](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2018/10/26/57266-mobilecong2018-ians.jpg?itok=SvsHoUAc&c=0887655a6f58fc3afd54e389bccf6e95)
India`s digital economy is likely to cross $1 trillion by the financial year 2022, a KPMG report said here on Thursday. The report launched at the India Mobile Congress 2018 also forecasts that mobile data usage in the country is likely to surge five times by 2023.
"In a sign of the country`s ascendancy and as a testimony to the telecom sector`s blistering pace of growth, India became the world`s second-largest telecom market in 2018 with over a billion subscribers," said the report.
"With the given trends, the digital economy is expected to cross $1 trillion by FY22."
According to the report, the total mobile subscriber base is expected to reach 1.28 billion in FY 2022 and data consumption is expected to reach 7 GB (giga bit) per subscriber per month.
The expansion will "further witness digital diversity in the online audience taking it from the current 225 million in FY18 to 550 million by FY23," the report noted.
Watch this Zee Business video
Speaking on the findings of the report Purushothaman KG, Partner-TMT Advisory, KPMG in India said, "Our studies globally, across 15 countries including India, ranks India in the top three on tech leadership and shows most promise for disruptive technological breakthroughs that will have a global impact."
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/markets/stocks/photo-gallery-large-cap-midcap-stocks-shares-to-buy-for-long-term-check-out-targets-nifty-sensex-303617](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/25/306716-stockks.jpg?itok=KJTrFUIK)
Stocks to buy for long term: Analysts suggest buying these 5 largecap, 4 midcap scrips; check out targets
![https://www.zeebiz.com/personal-finance/photo-gallery-nps-retirement-planning-budget-2024-nirmala-sitharaman-announcement-how-nps-rulebook-change-can-increase-corpus-income-and-monthly-pension-by-40-compound-return-303984](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307102-indian-currency-pixabay-take.jpg?itok=kN21EW-9)
How your NPS retirement corpus and monthly pension can jump by 40% after this rule change; get details
![https://www.zeebiz.com/personal-finance/photo-gallery-senior-citizen-savings-scheme-scss-2024-interest-rate-calculator-post-office-how-to-get-inr-rs-50000-interest-retirement-planning-guaranteed-return-maturity-amount-small-savings-303930](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307042-fd-interest-file.jpg?itok=45ZbBRWM)
How much investment do you need in this senior citizen scheme to get Rs 50,000 quarterly interest? Know here
06:45 AM IST