Largest and fastest growing market for digital consumers: McKinsey Global Institute Report on India
With more than half a billion internet subscribers, India is one of the largest and fastest-growing markets for digital consumers, but adoption is uneven among businesses. As digital capabilities improve and connectivity becomes omnipresent, technology is poised to quickly and radically change nearly every sector of India’s economy. That is likely to both create significant economic value and change the nature of work for tens of millions of Indians.
In In Digital India: Technology to transform a connected nation, a new report, the McKinsey Global Institute highlights the rapid spread of digital technologies and their potential value to the Indian economy by 2025 if government and the private sector work together to create new digital ecosystems.
The report predicts newly digitized sectors to generate the most value creation by 2025, particularly in financial services. Read the full report here.