NEW DELHI: Internet apps added Rs 1.4 lakh crore to India's GDP in 2015-16, says a study released on Friday. It expects the figure to grow to Rs 18 lakh crore by 2020. Union minister of communications Manoj Sinha, who released the study on Friday , said since data is going to drive the industry more than voice, the ministry has also initiated a move to relook at the current Telecom Policy through public consultation. The study, conducted by the Indian Council for Research on International Economic Relations (Icrier) and the Broadband India Forum, finds that nearly half of the contribution of the internet to the economy would be due to apps. "The internet economy could contribute up to $537.4 billion to India's GDP in 2020, of which a minimum of $270.9 billion could be attributed to apps," says the study, using various economic analyses and logical regression models to isolate and calculate the impact of apps on the Indian economy. It has evaluated this impact across ...
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