India’s digital landscape is poised for significant expansion, with an additional USD 900 billion expected to be added by 2030, as outlined in a report from Motilal Oswal. Currently contributing USD 0.3 trillion, or around 8% of the nation’s GDP, the digital sector is anticipated to quadruple to USD 1.2 trillion by 2030, making up 20% of India’s total GDP.
The report also predicts that while India’s overall GDP will grow by 1.7 times by 2030, the digital sector will outpace this growth, expanding at four times its current size. This trend underscores the increasing role the digital economy will play in shaping India’s broader economic future.
India has already become a leader in various facets of digital adoption. For instance, smartphone penetration in the country has now reached 72.3%, and high-speed internet access is available to 52.4% of the population, contributing significantly to the sector’s growth.
One of the most influential factors in this digital adoption has been the widespread use of the Unified Payments Interface (UPI), with around 25% of the population using the platform for everyday transactions. In addition, the number of smartphone users has almost doubled in just four years, from 485.1 million in 2020 to 938.3 million in 2024, reflecting India’s increasing connectivity.
Data consumption has also surged, with average monthly usage per user more than doubling from 13.5 GB in 2020 to 24.1 GB in 2024. This growing reliance on digital services and internet connectivity highlights the bright future of India’s digital economy, with rapid growth anticipated across several key sectors.
