The Internet’s contribution to India’s gross domestic product by 2015 may cross 100 billion dollars mark by 2015, a report has said.
Washington: The Internet’s contribution to India’s gross domestic product by 2015 may cross 100 billion dollars mark by 2015, a report has said.
According to a new a study by global consulting firm McKinsey & Co, this would happen because the number of Internet users in the country is expected to reach anywhere between 330 million and 370 million by then.
“India will add more Internet users than any country in the world over the next three years,” said the report.
According to the Wall Street Journal, the report also said that 28 percent of India’s population is set to have Internet access by 2015.
Currently, only 120 million people, or about 10 percent of India’s 1.2 billion population – use the Internet, the Journal said.
By 2015, McKinsey projects India will overtake the U.S. to become country with the second highest number of Internet users after China.
Globally, about two billion people currently use the Internet.
In 2010, the Internet contributed 1.7 trillion dollars to the world economy, according to McKinsey. That’s roughly the current size of India’s economy.