iWorld

“Digitisation will boost GDP growth” - Ravi Shankar Prasad

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/internet-images/2015/01/14/iworld%20broadband.jpg?itok=wWaFTlcy

MUMBAI: Taking a leaf out of Prime Minister Narendra Modi’s Digital India initiative, Union Minister of Communication and Information Technology Ravi Shankar Prasad today stressed on how the country’s growth is interlinked to this programme.

“The government is dedicated to creating a digital ecosystem that will enable internet to touch the lives of all Indians,” Prasad, who was speaking at the 9th India Digital Summit of IAMAI, said.

He further pointed out how it was imperative to create hubs in rural India that will help the growth of e-commerce, which remains unexplored so far. “Unless connectivity reaches every village of India, the dynamics of growth will remain unchanged,” he said.

Speaking on access, Prasad said, “It took 30 years to cover 10 lakh kilometres of optic fibre laying, and in just next three years, seven lakh kilometres will be added, making rural connectivity a reality.”

Releasing the IAMAI &The Boston Consulting Group (BCG) report India@Digital.Bharat, Prasad said, “For the internet economy to touch $200 billion by 2020 that will contribute five per cent of GDP, we need to move at a fast pace towards computer literacy. The other key areas which will help the internet economy to grow is mobile internet. The government is committed to digitisation and we look at extensive public-private partnerships (PPP) to the have successful implementation.”

The India@Digital.Bharat report establishes that India is headed towards an internet economy worth $200 billion by 2020, that will contribute five per cent of the GDP growing at 23 per cent compared to 13 per cent overall.

As the following chart shows, Internet in India by 2018 will be more mature and mobile will be more predominant.

The number of internet users in rural areas will touch 210 million by 2018, aiding India’s internet user base to cross 500 million by 2018.

Speaking at the launch of the report, BCG senior partner and director Alpesh Shah said, “India will have more than half a billion internet users in the next three years – this growth has the potential to fundamentally change the way in which consumers save, learn, play, move and work. However, the extent of shift will depend a lot on how the government and the industry come together to unlock the true potential of the internet.”

IAMAI chairman and Google India managing director Rajan Anandan, stressed on the growth of internet in India and successful roll-out of the government’s Digital India programme. “India is the third country in the world to have over five Internet companies valued at over $1 billion. India is the fastest growing Internet country but we need to move from narrow band to broadband at the earliest,” Anandan said.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/19/vivek.jpg?itok=x3qEq7OO
TVF ropes in Vivek Saxena as north head for brand partnerships

MUMBAI: The Viral Fever (TVF), a digital platform, has announced Vivek Saxena as north head for brand partnerships. Saxena has joined TVF from Hotstar where he was managingagency relationship nationally with Publicis, IPG and Omnicom Media Group.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/19/netflix.jpg?itok=DyZRnWnL
Introducing Mobile Previews

One of the best ways to know if you’ll like a new series or movie is to watch a quick trailer. Today, we are excited to introduce mobile previews (launching today on iOS and coming soon to Android) to the mobile experience. Mobile previews present members with a fun, simple, and easy way to learn...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/19/fubo.jpg?itok=84PfFjqV
FuboTV raises $75 million from Fox, AMC Networks and Sky

Days after ESPN launched its new streaming service ESPN+, FuboTV, a three-year old streaming TV service for sports fans, is announcing the close of $75 million in Series D funding. The round included new investor AMC Networks and existing investors 21st Century Fox, Luminari Capital, Northzone,...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/18/Facebook.jpg?itok=5GmDEjrg
Facebook's Q1 ad spend on 4C grows by 62%

MUMBAI: Marketing technology company 4C, in its latest report, reveals that spend across major social and mobile platforms in the first quarter of 2018 increased significantly year-on-year (YoY) with the greatest revenue growth on 4C witnessed by Snapchat (234 per cent) and Instagram (136 per cent...

iWorld Social Media
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/18/Manav-Seth.jpg?itok=VphRdXtm
ALTBalaji's Sethi reaffirms faith in originals

MUMBAI: Among the plethora of over-the-top (OTT) players that sprung up in the Indian market, we have Balaji Telefilms’ ALTBalaji, which is striving to understand content through the eyes of its customers. The platform takes customer feedback seriously to predict which content will work. After...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/17/shilpa.jpg?itok=68BR5LYI
Shilpa Shetty makes digital debut with Amazon dating show

MUMBAI: In order to build a strong footprint in India, Amazon Prime Video has announced a new show Hear Me. Love Me around the concept of blind dating.  Bollywood actress and fitness guru Shilpa Shetty will host the show marking her debut on a digital platform.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/17/Reed_Hastings800.jpg?itok=ssfIq7Py
Netflix beats earnings forecasts riding on global user additions

MUMBAI: Exceeding user addition forecasts, Netflix’s first quarter (Q1) earnings were in line with expectations while revenue bettered estimates.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/16/India_ISP_roundup.jpg?itok=P2NR0_yt
Jio shifts focus to wired broadband

After bringing about a massive change in the usage of wireless internet and market dynamics, Reliance Jio is looking at the broadband or wired internet sector. According to a media report, Jio is working at full steam to launch broadband in homes towards the end of this year.

iWorld Broadband
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/16/isco_0.jpg?itok=YJYnJOcQ
LaLiga weekend brings new record for Barcelona and mixed feelings for Torres and Isco

Mumbai: Barcelona set another record and took a further step towards the 2017/18 title in a LaLiga weekend which also brought bittersweet moments for Fernando Torres of Atletico Madrid and Isco of Real Madrid.

iWorld Over The Top Services

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories