India's Digital Economy Ranked 28th in User Spending

Key Points

• 1India's 'user' economy ranks 28th in the world in terms of digital user spending.
• 2The report by the Indian Council for Research on International Economic Relations’ (ICRIER) Prosus Centre for Internet and Digital Economy (CIDE) indicates a modest level of digitalization for the average Indian.
• 3India's digital economy is growing at twice the rate of its overall economy.
• 4It is expected to become one-fifth of the economy by 2029.