In the past decade India has witnessed a tremendous growth in Internet and E-commerce space. The number of internet users in India have surpassed 400 million mark, making it the second largest market after China. Increase in internet penetration in India has also led to the exponential growth in e-commerce sector in India. With an annual growth of around 20%, it is estimated that the e-commerce industry will surpass $ 100 billion mark by 2020. New emerging fields like Internet of Things (IoT) are thriving on the success of internet and has started revolutionizing various sectors such as manufacturing, energy, transportation, medical, health care etc. Globally IoT market is expected to cross $300 billion by 2020 and India aims to capture 20 percent of its market share by this time.
The industry is presently going through a paradigm shift, wherein new avenues are being made available for the companies to bank upon. However, lot is still required for the industry to be able to capitalize its full potential. The mobile and internet council is thus being setup to promote and nurture the companies operating in this space and making them as an essential contributor for the growth and development of the country.
To create a conducive ecosystem for growth and sustainability of the internet and e-commerce industry by actively engaging with industry, policy makers and other stakeholders
Liasoning with central and state Governments on various policy issues affecting the industry
Providing platform to the industry for voicing their concerns with the Government and work towards redressal of the same
Undertaking new initiatives for the growth and development of the industry
Promoting Digital Payments in India and supporting Government's De-monetization initiative through a toll free helpline.
Undertaking periodic survey /reports and studies to provide industry insights including new opportunities and challenges for the industry