Digital Economy To Outpace GDP Growth: ICICI Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Internet penetration has been rising significantly in India (742 million broadband subscribers) along with a surge in data consumption which touched approximately 8.4 exabyte/month in Q2 FY21 (more than 50 times rise since Q1 FY17) and is expected to rise further to 21 exabyte /month by 2025, as per Ericsson.
Exponential rise in machine-readable digital data emanating from the digital footprint of activities ranging from personal to social to business, which can be collected and analysed, lies at the heart of the digital economy.
Equally important is the proliferation of digital platforms which is allowing online interactions and transactions between parties thereby disrupting existing industries.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.