According to a report, the Indian digital economy could exceed the trillion dollars by 2022

This expansion "will further testify to the digital diversity of the online audience, which will grow from the current 225 million the fiscal year 18 to 550 million by fiscal year 23, notes the report.

The Indian digital economy is likely to exceed $ 1 trillion by FY2022, a KPMG report said Thursday. The report released during the Indian Mobile Phone Congress 2018 also predicts that mobile data usage in the country is expected to be multiplied by five by 2023. "As a sign of the country's ascendancy and As a witness to the explosive growth of the telecommunications sector, India's second largest telecommunications market in 2018, with more than one billion subscribers, says the report. "Given the trends observed, the digital economy is expected to exceed the trillion dollars by the year 2010.

According to the report, the total number of mobile subscribers is expected to reach 1.28 billion during the year 2022 and data consumption is expected to reach 7 GB. (Gigabyte) per subscriber and per month .

The expansion will "increase awareness of the digital diversity of the online audience and increase it from $ 225 million in fiscal 2006 to $ 550 million by the year A23," the report said.

According to the findings of the KPMG Partner-TMT Advisory Purushothaman KG, India, "Our studies conducted worldwide, in 15 countries, including India, rank India among the top three first in terms of technological leadership and the most promising in terms of revolutionary technological breakthrough that will have impact. "