Smart Governance
DigitalTransformation
India GDP to rise
US$154 Billion by 2021
B
y 2021, digital transformation
will add an estimated US$154
billion to India’s GDP, and
increase the growth rate by 1.0%
annually, according to a new business
study released.
The research, “Unlocking the
Economic Impact of Digital
Transformation in Asia Pacific”,
was produced by Microsoft in
partnership with IDC Asia/Pacific.
The study predicts a dramatic
acceleration in the pace of digital
transformation across India and Asia
Pacific’s economies. In 2017, about
4% of India’s GDP was derived from
digital products and services created
directly through the use of digital
technologies, such as mobility, cloud,
Internet of Things (IoT), and artificial
intelligence (AI).
“Organizations are increasingly
deploying emerging technologies such
as artificial intelligence, and that will
accelerate digital transformation led
growth even further.”
The survey conducted with 1,560
business decision makers in mid and
large-sized organizations across 15
economies in the region highlights
20 | May 2018 | www.smartgovernance.in