On Tuesday, Google, Temasek and Bain & Co released a joint report about India's internet economy. They believe we are going to become a $1 trillion internet economy by the year 2030. Out of the 700 million internet users in India, 500 million of them are what the reports call non-English literate. These are people that haven't probably experienced the full might of the digital world.
On Tuesday, Google, Temasek (an investment company) and Bain & Co. (a management consulting company) released a joint report about India’s internet economy or ‘e-Conomy’ as they called it. They believe we’re going to become a $1 trillion ‘internet’ economy by 2030.
After all, we have 700 million internet users who spend an average of 6.5 hours online every day. And the kicker? We engage in 65 real-time digital payment transactions per capita per year. This is 2.5 times higher than the global average.
So in today’s episode for 8th June 2023, we cherry-pick 3 insights from the 100-page report which we think you’ll find quite interesting.