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Journal of Income and Wealth
Year : 2022, Volume : 44, Issue : 1and2
First page : ( 25) Last page : ( 45)
Print ISSN : 0974-0309. Online ISSN : 0974-0295.

Not so brick and mortar delineating digital economy

Singh Brijendra1, Meera A.P.2, Mishra Saumya3,*

1Deputy Director General, National Accounts Division, Ministry of Statistics and Programme Implementation, New Delhi, India

2Director, National Accounts Division, Ministry of Statistics and Programme Implementation, New Delhi, India

3Deputy Director, National Accounts Division, Ministry of Statistics and Programme Implementation, New Delhi, India

*Corresponding author email id: mishra.saumya@gov.in

Online published on 22 March, 2024.

Abstract

From the restrictive definition of including only digital goods and services to an overarching definition including anything utilising such goods and services in production or delivery, the issue of what comprises digital economy seems to have been somewhat settled in the terms of guidelines on construction of Digital SUTs. Present discussions on digitalisation, worldwide, largely hinge on enlarging the present SNA boundary to include data, valuation of free services, treatment of cryptocurrencies, etc. while services like digital intermediation have raised issues of appropriate industrial classification within the present production boundary itself. This paper tries to look at some of the aspects of delineating digital economy in India using available data sources besides using machine learning algorithms to test if the parameters of predominantly digital companies differ from the brick-and-mortar ones. Also, whether events like demonetisation and Covid-19 have affected the process of digitalisation as per the data available in the Corporate filings and public domain.

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Keywords

Delineating digital economy, National accounts, SNA boundary, Machine learning, NIC, MCA.

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