India’s app economy to touch $800 Bn or 12% of GDP by 2030: Report
Shortpedia
Content Team
Image Credit: Inc42
As smartphone penetration deepens into rural India, the amount of money spent on apps in India is projected to reach around $800 Bn by 2030, growing at a compound annual growth rate (CAGR) of 32% during 2022-2030. Given that, the Indian economy is expected to be around $6,600 Bn by 2030, the app spending is likely to contribute around 12% of the GDP, according to a report by Broadband India Forum (BIF).
