Measuring the digital economy

India's digital consumer base is the second largest in the world and growing at the second-fastest rate amongst major economies. As per the findings of report by the Government of India's Ministry for Electronics and Information Technology (MEITY) ‘India's Trillion-Dollar Digital economy’, half the potential economic value of $1 trillion in 2025 could come from new digital ecosystems in diverse sectors, including financial services, agriculture, healthcare, logistics, jobs and skills market, e-governance and other areas. The growing role of the digital economy in daily life has heightened demand for new data and measurement tools. However, absence of an internationally agreed definition of the digital economy, and of standardized methodologies to measure it and sparsity of statistical data are challenges in measuring Digital economy. This paper examines the present coverage of Digital economy in the Indian National Accounts Statistics (INAS) and also presents measurement challenges for macroeconomic statistics