According to the State of India’s Digital Economy (SIDE) Report 2025 by ICRIER, India ranks 28th in digital user spending. While India is the world's 3rd-largest economy and a top digitalized nation by aggregate scale (CHIPS index), it ranks 28th in per capita digital consumption, indicating low spending per user compared to other nations.
India sits third in the global CHIPS digitalisation ranking, underscoring its growing digital heft.
Indian digital economy ranked 28th on user spending: report.
Today, among all countries in the world, India is the country with the highest digital transaction, accounting for nearly 46% share, as per the 2022 data.
China has the highest number of internet users, but only slightly more than half of its population uses the internet. Similarly, India has the second-largest share of internet users, accounting for almost 20% of its population.
Estonia – the most digital country in the world? - Arkiwera.
India has emerged as the world's second-largest 5G market, surpassing most global peers. With over 400 million 5G users, the country now ranks just behind China, reflecting the rapid expansion of next-generation digital connectivity across India. 2nd Largest 5G Base!
1 in digital payments? India has emerged as the global leader in fast payments, according to a recent note by the International Monetary Fund. This is primarily driven by the Unified Payments Interface (UPI), which processes billions of transactions monthly.
India's digital currency - called the e-rupee - has attracted a total of 7 million retail users since its launch in December 2022, while China has pledged to boost the international use of the digital yuan.
Wealthy nations are nearly cashless: Sweden (14%), Norway (10%), and South Korea (10%) show how digital payment infrastructure correlates with economic development.
International rankings of India
According to the State of India's Digital Economy Report, 2024, unveiled by the Indian Council for Research on International Economic Relations (ICRIER) stated that India comes in third place in terms of the digitalisation of the economy. India's digital infrastructure has been a key driver of its third-place ranking.
The top six digital economies by size are the US, China, the UK, Japan, Germany, and South Korea. The digital economy will see 6.9% CAGR from 2023 to 2028, growing faster than global GDP. The digital economy is driven by: E-commerce, tech spend, and exports.
📍Bengaluru (Bangalore) city by night India 🇮🇳 Bengaluru is also known as the "Silicon Valley of India" because of its role in promoting the IT sector of India. Bengaluru is regarded as the nation's leading information technology (IT) exporter.
Kerala achieved the distinction of being the first digital state in the country having linked all villages in the state with broadband connectivity under the National Optical Fibre Network (NOFN) project.
Yes, India is ready for a cashless economy.
The government of India is working dedicatedly to push India towards a cashless economy. With major initiatives such as demonetization, Direct Benefit Transfers, BHIM and many more. The intent is to streamline the economy and curb corruption.
India. India has no explicit ban or regulations on cryptocurrencies. The Supreme Court reversed the Reserve Bank of India's banking restrictions in 2020, restoring access for traders and exchanges. Crypto is not recognized as legal tender, whereas regulatory uncertainty also remains in place.
India ranks No. 1 in the cashless society. India's digital payments in India touches a newer height, and India is now positioned as the No.
Cards and cashless payments are the primary payment methods in the USA. Although cash is slowly becoming less common, it's still wise to carry a small amount to be prepared for any situation.
India's digital payments future in 2025 is marked by exponential growth, strategic innovation, and deepening financial inclusion. Transaction volume is projected to increase by 37% and value by 30% from FY24 to FY25, according to PwC. The broader trend sees the industry expanding over three times in volume by FY30.
Best-selling phones in India 2025 – List with models and specification
Why Does India's 5G Outperform the US? It's actually a pretty interesting comparison. In India, providers like Jio rolled out 5G using a lot of standalone architecture from the start, mainly because they were building out newer infrastructure and didn't have as many legacy networks to deal with.
China has officially launched the world's first 10G network, capable of downloading a full movie in just seconds. A major global tech leap, while India continues preparing for its 6G rollout ahead.