In recent decades, India’s growth story has been difficult to ignore. And the Indian technology revolution, a key contributor to this growth, has been remarkable. The information technology industry contributes to nearly 9.5% of India’s GDP and is the largest private sector employer, generating some 3.5 million direct jobs, and over 10 million indirect jobs.
However, the dividends of India’s digital growth have been unevenly realized, providing lots of opportunities for improvement, including:
- Mobile penetration in India is still relatively low. India’s rural populace makes up approximately 68% of the population but account for just over 40% of its mobile users.
- India ranked 156th in the world in terms of broadband penetration (at over 19%) as per the UN Broadband Commission report released in 2015.
- Roughly nine out of 10 workers are informally employed and lack social protection. Most workers lack adequate education or skills and the educated youth faces high unemployment rates.