India eyeing to become a trillion-dollar digital economy by 2022

Govt to push start-ups, new age IT solutions, financial technologies & cyber security

India is aiming to increase the turnover of its digital and the Information Technology (IT) industry to $1 trillion by 2022 from a current value of $270 billion as the country looks to focus on start-ups, financial technology and new age technologies.

Country's digital and IT industry, in its current form, is primarily driven by the IT and IT-enabled services and is estimated to stand at $150 billion, followed by financial services at $50 billion and electronics manufacturing at $40 billion.

According to Union IT Minister Ravi Shankar Prasad, a major push will be given to services and offerings in the digital