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Microsoft Predicts-Digital Transformation will Contribute US$154 Billion to India GDP by 2021

In the latest research report jointly released by Microsoft and IDC Asia/Pacific, it also revealed that Digital Transformation has increased productivity, customer advocacy, cost reduction, revenue from new products & services as well as profit margin and will reap benefits in the coming years as well.

In the latest research report, jointly released by Microsoft in partnership with IDC Asia/Pacific, it revealed that by 2021, digital transformation will add an estimated US$154 billion to India’s GDP, and increase the growth rate by 1.0% annually.

The research, titled “Unlocking the Economic Impact of Digital Transformation in Asia Pacific”, predicted a dramatic acceleration in the pace of digital transformation across India and Asia Pacific’s economies. In 2017, about 4% of India’s GDP was derived from digital products and services created directly through the use of digital technologies, such as mobility, cloud, Internet of Things (IoT), and artificial intelligence (AI).

“India is clearly on the digital transformation fast track. Within the next four years, it is estimated that nearly 60% of India’s GDP will have a strong connection to the digital transformation trends.” said Anant Maheshwari, President, Microsoft India. “Organizations are increasingly deploying emerging technologies such as artificial intelligence, and that will accelerate digital transformation led growth even further.”

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Jyoti Gazmer

A Mass Comm. graduate believes strongly in the power of words. A book lover who dreams to own a library some day. An introvert but will become your closest friend if you share mutual feelings about COFFEE. I prefer having more puppies over humans.

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