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Internet services sector to create 12X more jobs by 2022, e-retail to drive growth

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E-retail, foodtech, fintech, and edtech are driving India's internet economy, a new IAMAI study finds. SMEs are expected to drive future growth.

India is one of the fastest-growing internet economies in the world and the internet services industry is estimated to create 12 million new jobs in the country by 2022, a study by the Internet and Mobile Association of India (IAMAI) reveals. At present, the sector employs 10 lakh (one million) people.

By this period, the $33.8 billion industry will grow to $124 billion as more stakeholders throng to the internet economy, IAMAI’s ‘Economic Impact of Internet Services in India’ states. Sectors driving this growth include e-tail, foodtech, fintech, edtech, advertising and entertainment, etc. IAMAI reckons these sectors have “gained critical mass” in India.

IAMAI, however, notes that these are “conservative estimates” and “in the coming days the........

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