According to an article published in the latest Bulletin of the Reserve Bank of India, between 2014 and 2019, India's digital economy grew 2.4 times faster than the general economy and created about 62.4 million jobs. The size of the digital economy has increased from US$ 107.7 billion in 2014 to US$ 222.5 billion in 2019. In absolute US dollar terms, India's digital economy displayed a growth rate (compound annual growth rate, CAGR) of 15.62 percent between 2014 and 2019, while India's gross domestic product (GVA) grew at a compound annual rate of 6.59%.
This shows that India's digital economy has grown 2.4 times faster than the Indian economy, says the RBI's Department of Economic and Policy Research.
India's core digital economy (hardware, software publishing, web publishing, telecommunication services, and specialized and ancillary services) has grown. It increased from 5.4 percent of Gross Value Added (GVA) in 2014 to 8.5 percent in 2019.
GSAT-6 not being fully utilized due to lack of ground facilities: CAG
The Comptroller and Auditor General (CAG) has found that the GSAT-6 satellite, launched in August 2015, has remained largely unused as the necessary facilities to process its data are not ready on the ground.
The Department of Space had launched GSAT-6 for Rs 508 crore, according to the CAG's compliance audit on scientific and environmental ministries/departments of the central government, but the satellite was unable to be used as intended due to the non-readiness of its ground segment. In its report tabled in Parliament on Tuesday, the CAG has said that half of the satellite's time was lost without proper use.
Director of the Capacity Building Program Office of the Indian Space Research Council (ISRO) N. Sudhir Kumar said we have to read the report properly and analyze the points raised in it. Either way, the department will take the necessary action as suggested in the report.
Also Read: World Bank: The World Bank has reduced China's growth forecast for 2022, from 4.3% to 2.7%
Russia Ukraine Conflict: Russia is ready to negotiate with Ukraine - Putin
The war between Russia and Ukraine continues unabated. Russia is continuously attacking Ukraine. At the same time, President Vladimir Putin has claimed that Russia is ready for talks to end the war in
IND vs SA: Tony DeGeorge scored a brilliant century, India lost the second ODI; South Africa equalized the series
Thanks to a brilliant century by Tony de Georgi (119*), South Africa defeated India by 8 wickets with 45 balls remaining in the second ODI played at Garebarha on Tuesday. India batted first and the
Pankaj Udhas: 'Will always be alive in our hearts...' Shatrughan Sinha expressed grief over the demise of Pankaj Udhas
Pankaj Udhas Passes Away: Famous ghazal singer Pankaj Udhas passed away on Monday 26 February. He breathed his last at Kandy Hospital in Mumbai. The singer was ill for a long time.
Salman Khan Firing Case: Salman Khan's father Salim Khan is angry at the accused! Said- 'These ignorant people say...'
New information is continuously coming to light in the case of firing outside Salman Khan's house. So far, the police have arrested two accused in this case. On Tuesday, Maharashtra Chief Minister
The price of Redmi Note 13 Pro+ with 200MP camera and 120W was revealed before launch, know the features here
Redmi has started preparations to launch the Redmi 13 series for its customers. Let us tell you that the company is preparing to launch this phone soon in India and on global labels.
Deadly Cough Syrup: A Special investigation team will go to Tamil Nadu to find the truth about the drug company, 16 children died; Constantly increasing data
SIT will now investigate the case of the death of 16 children by drinking cough syrup 'cold' in Madhya Pradesh. The police have formed a 12-member Special Investigation Team (SIT) to investigate the
Chum Darang was going to work in The Family Man 3, and due to this reason she rejected Manoj Bajpayee's series.
Chum Darang needs no introduction today. Chum, who has worked in Badhaai Do and Gangubai Kathiawadi, has gained popularity from Salman Khan's controversial reality show Bigg Boss 18. She was a strong
Israel: 'Because she was Jewish', Netanyahu angry at the silence of international organizations regarding atrocities on women
Israeli Prime Minister Benjamin Netanyahu has strongly criticized international organizations, women's groups, and the UN for remaining silent on the atrocities committed by Hamas terrorists on women.
Jawan Prevue: Who gave Shah Rukh Khan the idea to dance on Bekrar Karke Humne? His choreography was amazing
Ever since the preview of the power-packed action film 'Jawan' came out, the wait to see the film has doubled among the fans. Shahrukh's first look from 'Jawaan' has also been revealed. After showing
Dhami government's action against illegal madrasas continues in Uttarakhand, three madrasas sealed in Kaladhungi.
Action is being taken against illegal madrasas and encroachment in the state. On Monday, the administration sealed three illegal madrasas operating in the city, which has created a stir among the
