Indian Economy News

India’s digital economy may contribute 20% to GDP by 2030: NCIIPC DG

India’s digital economy is expected to contribute nearly 20% to the country’s gross domestic product (GDP) by 2030, according to National Critical Information Infrastructure Protection Centre (NCIIPC) Director General Mr. M. U. Nair. Speaking at a cybersecurity event, he highlighted the rapid expansion of India’s digital ecosystem, driven by widespread adoption of digital public infrastructure, increasing internet penetration and growing use of emerging technologies across sectors. He noted that initiatives such as Aadhaar, Unified Payments Interface (UPI), Digital Public Infrastructure (DPI) and expanding digital services have transformed the way citizens, businesses and government institutions interact. The growing digital economy is creating new opportunities for innovation, entrepreneurship and investment, while strengthening India’s position as a leading digital nation. He also emphasised that the increasing reliance on digital systems makes cybersecurity a critical component of sustainable economic growth and national resilience.

Mr. Nair stated that securing critical information infrastructure has become increasingly important as digital technologies continue to drive economic transformation. He highlighted the need for stronger collaboration among government agencies, industry stakeholders and technology providers to address evolving cyber threats and enhance digital trust. The rapid adoption of technologies such as artificial intelligence, cloud computing, data analytics and the Internet of Things (IoT) is expected to accelerate digitalisation across industries, creating significant economic value. India’s expanding startup ecosystem, growing digital payments landscape and increasing technology investments are also expected to contribute to the sector’s growth. The continued focus on cybersecurity, digital innovation and technology-led development is likely to support India’s ambition of becoming a multi-trillion-dollar digital economy while enhancing competitiveness, productivity and inclusive growth across sectors.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.