Government releases [email protected] report on the Indian Internet economy
The Ministry of Communications and IT has released the [email protected] report of the Internet and Mobile Association of India and Boston Consulting Group, which suggests measures to government to facilitate growth of Internet economy from about $60 billion at present to $200 billion by 2018. According to the report, India's Internet economy can grow up to five per cent of the GDP by 2020 on account of the fast paced growth in computer literacy and mobile internet.
The report further estimates that the growth in the Internet economy will create nearly 1.5 million -2 million job opportunities by 2018 compared to the present employment of 400,000-500,000. Meanwhile, Internet users in India will jump from 190 million as of June 2014 to over 550 million by 2018, including 210 million subscribers from rural areas.
For achieving this growth in Internet economy, the report has suggested various measures to government including affordable access through ubiquitous network reach and affordable data enabled devices and Internet plans, facilitating digital transactions and developing a regulatory framework to facilitate content development. It has also suggested reviewing of IT Act, the Copyright Act and the online distance education regulations.
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