I edited this to become a place holder for interesting data on India – Net stats is one piece.
Published today in HT, New Delhi. Source Internet & Mobile Association of India. Do these seem correct ? I have converted figures to US $ at Rs 46 to the $. India uses a financial year which ends on Mar 31. Thus 2004-05 means from April 1, 2004 to March 31, 2005
1. E-Population: 38.5 million in 2005-06 grew from 25 million in 2004-05. Estimated 100 million in 2007-2008. Facilated by low broadband rates of $4.32 per month.
2. Affordable PC’s $218 each. 45% growth in number of cybercafes per year for 5 yrs. 18000 in 2001 to 105,350 in 2005.
3. Areas of use : Job search – 51%, Banking -32%,Bill Pay -18%, Stock trading -15%, Matrimonial -15%
4. Age groups: Net buffs mostly between 18-35.45-65 emerging as biggest commercial user
5. E-commerce $256 million in 2005-06 estimated to grow to $500 million ( Rs. 2300 crores) in 2006-07
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Market cap of the Indian bourses has touched $522 Billion with the Sensex reaching 9067. If we assume than in ten years the market cap will double another $500 billion of wealth will be created.
A crude estimate of the pot of gold in the India wealth rush would be $500billion.
The e-population, and cybercafe numbers look high. I think less than 5 million unique people use internet for jobs — our estimate couple of years back was around 20% of internet population use it for jobs.