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The "e-Conomy India 2023" report, a collaboration between Google, Temasek, and Bain & Company, underscores the shifting consumer behavior and evolving business landscape driving this momentous growth. According to the report, India's rapidly expanding internet economy is anticipated to reach a staggering valuation of $1 trillion by 2030, a significant surge from the estimated $175 billion in 2022. As a result, the contribution of the Internet economy to India’s GDP will increase from 4 to 5 per cent, as of now, to around 12 to 15 per cent. Among the ten key consumer sectors, Business-to-Consumer (B2C) e-commerce is expected to maintain its leading position in digital services, projected to grow five to six times and reach approximately $350-380 billion by 2030. The report also forecasts a doubling of online shoppers in India by 2030, with over 60 per cent of new shoppers emerging from smaller towns.
According to the report ‘Oil 2023’ by the International Energy Agency, the growth in demand for oil in India will overtake that in China by ______.<...
Which body will be responsible for regulating higher education in India as per NEP 2020?
Where will WHO and the Ministry of AYUSH organize the Global Summit on Traditional Medicine for the first time?
Which NTPC power station received the 2024 Energy Management Insight Award from the Clean Energy Ministerial (CEM)?
On 14 September 1949, the Constituent Assembly accepted Hindi, written in the Devnagari Script, as the Official Language of the Union of India based on ...
Who has become the Indian bowler who has taken the most wickets in the Asia Cup?
Who has been awarded the Santokbaa Humanitarian Award by Shree Ramkrishna Exports and Shree Ramkrishna Knowledge Foundation?
Which food aggregator launched the 'District' app to extend its services beyond food delivery to include activities like dining and movies?
Squash World Cup 2023 was held in ______.
Which bank has executed its first non-deliverable forex derivative transaction with Reliance Industries, after the Reserve Bank of India allowed such tr...