CORPORATE WORLD

India's domestic market for computer services to grow faster

Agency, New Delhi
07/09/2019   0 Comments

 The domestic market for computer services in India is forecast to grow faster than their exports, fuelled by the government's Digital India programme and the country's burgeoning start-up environment, according to an UN report.


"The computer services industry in India is increasingly catering to the domestic market, leveraging expertise gained from exporting, while at the same time reducing an over-reliance on such exports," stated the report by the United Nations Conference on Trade and Development (UNCTAD).

Noting that India ranked fourth in terms of growth in the share of the ICT sector's value added in GDP between 2010 and 2017, the report said, "The domestic market for computer services in the country is forecast to grow faster than their exports, fuelled by the government's Digital India programme, its burgeoning start-up and venture capital scene and increased computer use by the MSMEs (Micro, Small and Medium Enterprises)."

The first-ever Digital Economy Report said the size of the global digital economy range from 4.5 to 15.5 per cent of world GDP.

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