Ministry of Electronics and Information Technology
The Ministry of Electronics and IT released a report titled "Estimation and Measurement of India’s Digital Economy." India's digital economy was 11.74% of national income in 2022-23, expected to rise to 13.42% by 2024-25. It may grow twice as fast as the overall economy, contributing nearly 20% of national income by 2029-30. The digital economy employed 14.67 million workers (2.55% of the workforce) in 2022-23. India is the second-largest market for 5G and mobile subscriptions globally. India led global contributions to AI projects (23%) on GitHub and had 1644 billion digital payments in FY 2023-24.
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