India’s Internet industry to double by 2020: report

India’s Internet industry to double by 2020: report

Recent disruptions in the telecom space have given a strong impetus(प्रोत्साहन)  to digital adoption (अभिग्रहण) in India, accelerating the rate by at least a few years. While the total number of mobile Internet users is expected to grow to almost 650 million by 2020, users with high-speed Internet access is expected to be around 550 million. This can prove to be a huge boost for the Internet economy. Data consumption(खपत) is set to expand to around 7-10 GB per month per user by 2020 from the current 700 MB per month per user. 

By 2020, 4G-enabled devices are expected to grow six-fold to 550 million devices, constituting about 70% of devices in use. At the same time, reliable high-speed data is becoming both ubiquitous(सर्वव्यापी) as well as affordable (सस्ती) (data rates have reduced to less than one-third in just 4-5 months). The proliferation of digital content is also driving consumption. Mobile Internet users are expected to nearly double from 391 million today to 650 million by 2020 while data consumption per user is estimated to grow 10-14 times to reach 7-10 GB/month. The Internet economy in India is becoming a major contributor to GDP, and is expected to grow to about 7.5% of the country’s GDP by 2020 from 5% now. E-commerce and financial services are projected to lead the growth. For instance, share of digital payment transactions could increase to 30-40% of all transactions by 2020 from 13% in 2015.

TiE and BCG will launch The $250B Digital Volcano report on India’s Internet economy in 2020, at TiE’s India Internet Day 2017 on 7 April in New Delhi.

Definitions of ubiquitous सर्वव्यापी

adjective

present, appearing, or found everywhere.

his ubiquitous influence was felt by all the family

synonyms: omnipresent, ever-present, everywhere, all over the place, pervasive, universal, worldwide, global, rife, prevalent, far-reaching, inescapable

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Definitions of impetus प्रोत्साहन

noun

the force or energy with which a body moves.

hit the booster coil before the flywheel loses all its impetus

synonyms: momentum, propulsion, impulsion, motive force, driving force, drive, thrust, energy, force, power, push, strength