MeitY report puts India's digital economy at 11.74% of national income in 2022-23
A MeitY report, 'Estimation and Measurement of India's Digital Economy', released on 22 January 2025, estimated India's digital economy at 11.74% of national income in 2022-23, or ₹31.64 lakh crore.
Summary
The Ministry of Electronics and Information Technology (MeitY) released the report 'Estimation and Measurement of India's Digital Economy' on 22 January 2025. The report estimates India's digital economy at 11.74% of national income in 2022-23, equal to ₹31.64 lakh crore (about USD 402 billion), and projects it to contribute one-fifth of GDP by 2030. With these estimates India becomes the first developing country to use the OECD framework to size its digital economy; the report also gives alternate estimates using the Asian Development Bank's input-output approach.
Key facts
- Released
- 22 January 2025, MeitY
- Report
- Estimation and Measurement of India's Digital Economy
- Share 2022-23
- 11.74% of national income
- Size 2022-23
- ₹31.64 lakh crore (~USD 402 billion)
- By 2030
- One-fifth of GDP
- Method
- OECD framework – first among developing countries; ADB input-output as alternate
Practice MCQs 3 questions
According to MeitY's January 2025 report, what share of national income did India's digital economy account for in 2022-23?
Show answer
Correct answer: A — 11.74%
PIB 2095260: India's digital economy was estimated at 11.74% of national income in 2022-23.
With MeitY's digital economy estimates, India became the first developing country to use which organisation's framework to size its digital economy?
Show answer
Correct answer: C — OECD
PIB 2095260: India is the first among developing countries to use the OECD framework; alternate estimates use the ADB input-output approach.
Consider the following about MeitY's report on India's digital economy (January 2025): 1. The digital economy was worth ₹31.64 lakh crore in 2022-23. 2. It is projected to contribute one-fifth of GDP by 2030. 3. It also gives alternate estimates using the ADB's input-output approach. Which of the statements given above is/are correct?
Show answer
Correct answer: D — 1, 2 and 3
PIB 2095260: the digital economy equalled ₹31.64 lakh crore in 2022-23, is projected at one-fifth of GDP by 2030, and alternate estimates use the ADB input-output approach.