India's Digital Economy to Be Worth $1 Trillion By 2030

By: Rachita Sharma, Managing Editor | Friday, 9 February 2024

Has digitization consumed your life? If you live in Asia, the chances are, that it has.

A Meta and Bain & Company report highlighted that Southeast Asia has steadily growing digital consumer population. The number was expected to surpass 370 million by end of 2022 which accounts for almost 82 percent of total people above 15 years of age. The same report also estimated that the number of digital consumers will increase to 402 million by 2027.

Recently released ‘The e-conomy of a Billion Connected Indians’ report stated that India has surpassed the largest digital economies of the world. Digitization in India has been swift and all-encompassing. The report expects India’s digital economy to amplify by six times in the coming eight years. Currently, pegged to be worth $175 billion, the Indian digital economy is expected to reach $1 trillion mark by 2030.

Over the past few years, Asia has been the centre of digital growth. While consumers have grown rapidly, so has the number of digital innovations coming from the region. Right before the pandemic, almost 60 percent of the world’s patents in digital and computer technologies came from Asia.

The pandemic played a catalyst’s role for amplifying the region’s digital might. Sectors such as rWemote work apps, digital payment platforms, e-commerce tech saw major upsurge.

The digital realm has intertwined with every aspect of life and work. It makes sense for brands to align with these digital headwinds or taste the bitter truth of irrelevance.

In the current edition of Women Entrepreneur magazine, we highlight women leaders who are at the forefront of this digital transformation of the Indian business landscape.

In this magazine edition, meet Neharika Talreja, a seasoned professional in the digital realm, boasting over two decades of versatile experience across various industries. Her extensive skill set encompasses spearheading digital strategies, driving innovation, navigating digital transformations, and harnessing the power of technology to address business challenges.

Joining the coveted list is Megha Talwar, Head of Digital, Noida International Airport.Megha's 18-year journey started at IndiGo Airlines. Her time at Vistarasaw her lead digital transformation initiatives, contributing to cutting-edge technologies and leveraging data for analytics and business intelligence.In her current role at Noida International Airport, Megha spearheads digital for the greenfield airport to introduce and bring in cutting edge technology initiatives.

Rashi Srivastava, Chief Digital Officer,Qentelli, also joins the list of women digital leaders. She is a visionary leader with over two decades of experience across various industry verticals and geographies. Her career is a testament to her relentless pursuit of innovation and value-driven delivery. At Qentelli, she is known for crafting future-proof and scalable software solutions and driving excellence across teams.

Last but not the least, we have Rashi Srivastava, Chief Digital Officer at Qentelli. She is a visionary leader with over two decades of experience across various industry verticals and geographies. Her career is a testament to her relentless pursuit of innovation and value-driven delivery. At Qentelli, she is known for crafting future-proof and scalable software solutions and driving excellence across teams.

These women leaders spill the beans on steering modern organizations in today’s digital economy.

Read on and do let us know your thoughts.