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Thursday, October 25, 2018

India's Internet services may reach $124 bn by 2022,



The Internet services sector in India has potential to grow over three-folds to $124 billion with the help of favourable government policies and infrastructureimprovement, a report by industry body IAMAI said Tuesday.

"The Internet services sector in India is currently valued at $33.8 billion (about Rs 2.46 lakh crore) and by the year 2022, it is expected to reach $76.4 billion (about Rs 5.57 lakh crore) in conservative estimates...However, the sector has the potential to reach a value of $124 billion by 2022 if certain recommendations made in the study fructify," the Internet and Mobile Association of India (IMAI) report said. 

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