“Digitising new sectors could create $10bn-$150bn economic value by 2025”

In a new study, McKinsey Global Institute notes how digital technology can transform traditional business

Over the past few years, India has established its presence as a ‘digital economy’. Smart phone use is booming and data prices have dropped to an all time low. In the backdrop of these developments, McKinsey Global Institute, in its study titled ‘Digital India: Technology To Transform A Connected Nation’, finds out what this increased connectivity means in economic terms and which are the sectors that could benefit from digital transformation. Outlook Business caught up with Anu Madgavkar and Alok Kshirsagar from McKinsey to understand more about the findings of this report. Edited excerpts: