Not Set/ Internet based apps can contribute 18 lakh crore to GDP by 2020

The internet based applications in India have contributed Rs 1.4 lakh crore to Indian GDP in 2015-16 and have potential to contribute Rs 18 lakh crore by 2020, says the latest study. The study, titled Estimating the Value of New Generation Internet based Application Services in India and released by Telecom Minister Manoj Sinha in […]

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The internet based applications in India have contributed Rs 1.4 lakh crore to Indian GDP in 2015-16 and have potential to contribute Rs 18 lakh crore by 2020, says the latest study. The study, titled Estimating the Value of New Generation Internet based Application Services in India and released by Telecom Minister Manoj Sinha in New Delhi here, says nearly half of the contribution of the internet to the economy would be due to apps.As per the study, a 17% increase in the total internet traffic in India in 2015-16, contributed to an increase of Rs 7 lakh crore in GDP, of which at least Rs 1.4 lakh crore came from internet-based app services.