India’s Digital Economy Sees Significant Growth

Global Firms Bullish on India’s Growth Trajectory

India’s digital economy has experienced significant growth in recent years, and global firms are bullish on the country’s growth trajectory. A report by consulting firm E&Y predicts India’s consumer digital economy to reach around $800 billion by 2030. Another report by McKinsey Global Institute points out that digital technologies have the potential to add $1 trillion to the Indian economy by 2025.

Growing Threat of Cyberattacks

With India’s growing digital aspirations, the growing threat of cyberattacks can no longer be ignored. In 2022, the Computer Emergency Response Team of India (CERT-In) reported a 51% increase in ransomware attacks in the first half of the year. This highlights the need for increased cybersecurity measures to protect India’s digital economy.

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