India’s spurt in smartphone and internet usage to lead to spending on apps a whopping Rs 64 Lakh crore or USD 800 Billion by 2030: Report
Image Credit: economic times
With an spurt in the smartphone and internet use, the amount of money spent on apps is projected to reach around $800 billion (Rs 64 lakh crore) in India by 2030, a report showed on Friday. The Indian economy is expected to be around $6,600 billion by 2030 and the app spending is likely to be around 12 per cent of the GDP, according to the report by Broadband India Forum (BIF).