Measuring India's digital economy

The digital economy is an emerging platform that some experts regard as the third industrial revolution. Digital revolution, also known as ‘The Internet Economy’ or Internet of Everything (IoE), is expected to generate new market growth opportunities, jobs and become the biggest business opportunity of mankind in the next 30 to 40 years. Measuring the digital economy address the use of the ICTs and internet at work in relation to the economy and society. In the current times digitization has penetrated in almost all sectors across economy and it can be suggestive of a path towards modernization. With the usage of highly enabled internet platforms, the advancement has undoubtedly enlarged, but at the same time the measurement issue tangles, poses a big hindrance towards right interpretation. The varied dimensions of the digital economy with its trend to expand in every sphere require a stable estimation procedure to capture its contribution in the economy. This study attempts to measure India's digital economy largely through the data which are available in the public domain in order to get a snapshot of India's digital economy. The shares of India's Digital Economy to the Total Economy of the country at current and constant prices are computed. Also, the sectors having the largest contribution have been shown.