January 15, 2015 8:14 AM

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India's Internet economy can reach $200 billion by 2020: Ravi Shankar Prasad

Telecom Minister Ravi Shankar Prasad has said that fast paced growth in computer literacy and greater use of data on mobiles will help India's Internet economy grow to 200 billion US dollars or 5 per cent of the GDP by 2020. Mr Prasad said this at the India Digital Summit in New Delhi yesterday. Accepting that India's broadband penetration is low, the Minister said the government is addressing the issue in a time-bound manner, partly through the National Optical Fibre Network (NOFN) project. He termed the Digital India Programme launched by the NDA government as a game changer and said broadband is going to play a key role in it.

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