Friday, August 19, 2016

By 2020, most of the homes will have Internet in Rural India

 How Multi-Stakeholder Works In Development | Internet Society

By 2020, rural India, and not the cities and towns, will be home to most of the country's Internet users...and majority will be mobile-first...

>There will be 730 million Internet users in India by 2020 (up from 330 million fixed and mobile subscriptions in December 2015).

> 1.7x is the expected growth of financial technology market between 2015 and 2020.

> 75-80% of Internet user growth will come from rural India.

> 60% of adult population will use one or more forms of financial services in their daily life for purchases or to access subsidies and services.

> 175 million online shoppers by 2020 (up 3.5 times from 2015).

> 50% of all transactions will happen online by 2020.

> 75% of new Internet users will consume data in local languages. Most new users will consume content through videos.

> 70% of ecommerce transactions will happen through mobile phones by 2020.

> Fashion & lifestyle will become largest e-tailing category with a 35% contribution to ecommerce GMV by 2020, overtaking the consumer electronics segment.

Other trends

>Role of cybersecurity will become paramount Internet of Things will power smart cities, along with public-private partnerships

>Last-mile connectivity will be enabled by govt, telcos and technology providers

TelecomBuzz view:
India will be generating more employment in  eCommerce, Coding and Cybersecurity. Let's encash the opportunity.

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