India’s App Economy

The ICRIER examined 16 apps to quantify the economic impact of apps, and where possible, highlight their social impact

GN Bureau | August 8, 2017


#mobile apps   #internet economy   #mobile internet   #GDP  


A 10 percent increase in India’s internet traffic leads to, on average, a 3.3 percent increase in India’s GDP, and a 10 percent increase in India’s mobile internet traffic leads to a 1.3 percent increase in the GDP, says a study, ‘Estimating the value of new generation internet based applications in India’, by the Indian Council for Research on International Economic Relations (ICRIER) and Broadband India Forum. It notes that during 2015-16 India’s internet traffic increased by 17 percent, resulting in an absolute increase of $103.9 billion (Rs 6,926.5 billion) in the country’s GDP. “An equivalent increase in India’s mobile internet traffic during the period 2015-16 would result in an absolute increase of $41.4 billion (Rs 2,759.9 billion) in India’s GDP during the year,” the report said. The apps contributed a minimum of $20.4 billion (Rs 1,357.6 billion) in the year 2015-16 to India’s GDP, according to the study. The ICRIER study considers usage of internet app services as a basis to calculate its impact instead of taking into account only access to the internet. The ICRIER examined 16 apps to quantify the economic impact of apps, and where possible, highlight their social impact. 

 


(This appears in the August 1-15, 2017 issue of Governance Now)

 

 

Comments

 

Other News

Climate actions being implemented to deal with impact of heat waves

India’s climate actions cut across various sectors and are being implemented through various programs and schemes of different union ministries, departments and state/ union territory governments.  The government of India through concerned ministries and departments organises workshops, exhibiti

Banks must hear borrowers before declaring their accounts as frauds: SC

In a judgment with far-reaching implications, the Supreme Court has held that the civil consequences of an account being declared as fraud under the Reserve Bank of India (Frauds Classification and Reporting by Commercial Banks and Select FIs) Directions, 2016 or its Master Directions on Fraud amount to ci

India’s forest cover increases by 5,516 sq km in four years

The Dehradun-based Forest Survey of India (FSI), an organization under the Ministry of Environment, Forests and Climate Change, carries out the assessment of forest cover biennially since 1987 and the findings are published in the India State of Forest Report (ISFR). As per the latest ISFR 2021, there is a

Steps taken to meet higher power demand of April-May

While the average growth of energy requirement in the country for 2023-24 viz-a-viz 2022-23 has been estimated as 4.9%, the months of April and May have been projected as high demand period. During the current year, the peak demand is expected to be around 229 GW during the summer period. The government ha

Millets to make comeback in army ration after half a century

As the UN has declared 2023 as the International Year of Millets, the Indian Army has steered introduction of millets flour in the rations of soldiers. This landmark decision will ensure troops are supplied with native and traditional grains after over half a century, when these were discontinued in favour

Central Bank Digital Currency has game-changing potential

When discussing digital currency, you might think of one or two well-known varieties. There is the digital representation of currency that you access with mobile and online banking services. This currency is the liability of a commercial bank. There is also cryptocurrency, a digital medium of exchange issu

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter