We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Internet services sector to create 12X more jobs by 2022, e-retail to drive growth

3 3 53
23.10.2018

E-retail, foodtech, fintech, and edtech are driving India's internet economy, a new IAMAI study finds. SMEs are expected to drive future growth.

India is one of the fastest-growing internet economies in the world and the internet services industry is estimated to create 12 million new jobs in the country by 2022, a study by the Internet and Mobile Association of India (IAMAI) reveals. At present, the sector employs 10 lakh (one million) people.

By this period, the $33.8 billion industry will grow to $124 billion as more stakeholders throng to the internet economy, IAMAI’s ‘Economic Impact of Internet Services in India’ states. Sectors driving this growth include e-tail, foodtech, fintech, edtech, advertising and entertainment, etc. IAMAI reckons these sectors have “gained critical mass” in India.

IAMAI, however, notes that these are “conservative estimates” and “in the coming days the........

© Your Story