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%
Janmashtami 2023: Preparations for Dahi Handi festival in full swing in Mumbai, BMC has made special arrangements for 'Govinda'
Janmashtami 2023 Krishna Janmashtami is celebrated across the country today. Crowds of devotees are being seen in the temples to have darshan of Lord Shri Krishna. Due to Krishna Janmashtami
Angelo Mathews on timed-out dismissal: 'Never seen anyone stooping so low', Angelo Mathews lashed out at Bangladesh
The 38th match of the World Cup 2023 between Bangladesh and Sri Lanka on Monday was full of controversies. In the match played at Arun Jaitley Stadium in New Delhi, Bangladesh defeated Sri Lanka by 3
Bigg Boss 19: Amaal and Basir cheated... Zeishan Quadri makes allegations after coming out of the house, exposes Tanya Mittal
Bigg Boss 19 has always been more than just a reality show. It's a test of patience, loyalty, and how well you can handle the pressure of being in the public eye. When you leave the house, it's not
India In UN: 'India fought terrorism with zero tolerance, the fight will continue'- Ruchira Kamboj
India's Permanent Representative to the United Nations (UN) Ruchira Kamboj said on Wednesday that as the chairperson of the Anti-Terrorism Committee of the United Nations Security Council (UNSC),
Pushpa 2: A new update related to 'Pushpa 2: The Rule' comes out, know what is the 'animal' connection of the film?
As the release date of the film 'Pushpa 2: The Rule' is getting closer, new updates related to it are also coming out. Work on the shooting of the film is going on at a fast pace.
Encounter in Kupwara: After Doda, the encounter started in Kupwara, Army and SOG soldiers surrounded the terrorists.
After the Doda district of the Jammu division, an encounter started in the Keran sector of Kupwara district in northern Kashmir. On Thursday, firing took place between terrorists and security forces
Punjab: Alert of terrorist attack in Punjab, terrorists can target government buildings, more than 2000 soldiers deployed
Intelligence agencies have issued an alert for a terrorist attack in Punjab on New Year. According to sources, it has been told in the alert that at the behest of ISI, many terrorist organizations can
Bhool Bhulaiyaa 4: Will Khiladi Kumar return in 'Bhool Bhulaiyaa 4'? Anees Bazmee breaks his silence.
So far, three films of the Bhool Bhulaiyaa franchise have been released. Akshay Kumar appeared in the lead role in the first film. Then Kartik Aaryan replaced him in the second film and Kartik Aaryan
Real Madrid Vs Liverpool : Karim Benzema dashes hopes of Liverpool's return by scoring a goal
Following a 7–0 win against Manchester United in the English Premier League, Liverpool fans were also pinning hopes on the team's historic return to the Champions League. However, Liverpool was
The shooting of 200 films after 34 years in Kashmir: Regional film producers including South, Bollywood, and Tollywood are coming
The beauty of Kashmir is shining once again on the film screen. During the last two years, the shooting of 200 Bollywood films, web series, and albums was approved here. This is a record figure for
