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June 8, 2015

Nations where" internet shopping" contributes significantly to GDP



"how internet affects economy"


Irrespective of the gloom and  doom and at times recessionary tendencies on the economic front The worlds has till a lot to cheer about
The internet keeps growing  and so does the economic GDP of a few nations.In the G20 countries, the internet economy will grow at more than 10% annually for the next five years and by 2016 reach $4.2 trillion, or 5.3% of GD,up from $2.3 trillion and 4.1% according to a recent report by the Boston Consulting Group (BCG).

Britain leads the pack in terms of internet contributing hugely to its economic prosperity. According to economist UK's " internet economy" is now bigger than its construction and education sectors, mainly thanks to the popularity of e-commerce and the rapid adoption of mobile as a " key shopping ande commerce device.

South Korea and China ranks 2nd and 3rd, while.Japan and US ranks 5th and 6th  while India currently going through an eCommerce revolution of sorts is ranked 8th