Page 40 - Edelweiss India Conference 2022 FLIPBOOK
P. 40
THE NEW EDGE
India’s digital infrastructure is truly national
Almost a decade back, India’s digital penetration was limited to urban, upper middle class, English-speaking youth with
high disposable incomes. In the last decade or so, smartphone penetration, cheap wireless data prices, and emergence
of UPI and Aadhaar has laid the foundation of the digital highway across Bharat. India now boasts a staggering 650–
700mn internet users and 500–550mn smartphone users. An estimated 250–300mn online transactions – spanning
banking, train ticket booking (IRCTC), mobile recharges, P2P, online shopping and any other online transactions for
products/services – take place every day.
India to have~ 1 Billion Internet Users in 5 years
900-1000
68%
650-700 800-850
49% CAGR 48%
~8%
500-550
CAGR
38% ~10% 700-750
50+%
250-300
CAGR
20% ~22%
2020 2025P 2020 2025P 2020 2025P
Access to Internet Smartphone Online Transactors 1
Total population Users Transacts for services
with access to internet and products online
(Including shared device)
1 Online Transactors includes users transacting for banking (NEFT, IMPS, etc.) IRCTC, mobile recharges, P2P, Online
shopping and any other online transaction for product/service. It includes online shoppers from eCommerce as well.
Source: RedSear Estimates
38 Edelweiss Securities Limited
