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Digital India plan could boost GDP up to $1 trillion by 2025: McKinsey

16/12/2014 by Sharon Shahzad


Research firm McKinsey has said that the adoption of key technologies across sectors spurred by the Digital India initiative could help boost India's GDP by $550-billion to $ 1-trillion by 2025. 

The New York-based company sees an opportunity in digital technologies and smart physical systems, and said that government's ambitious Digital India initiative would have significant impact on technology adoption. 

"PM Narendra Modi's ambitious Digital India plan will give priority to technology trends and help the country with 20-30% incremental GDP by 2025," Noshir Kaka, managing director at McKinsey & Company India told reporters. 

"There will be an additional impact of $550 billion to $ 1 trillion on the India economy annually by 2025 with the adoption of significant technologies across financial services, healthcare, agriculture, energy, infrastructure and education sectors." 

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