The report has drawn some interesing conclusions:

1. Internet economy at $1.6 Trillion has already overtaken Canadian and Spanish Economies
2. Internet accounts for 3.4% GDP of the 13 countries. It ranges from 0.8% to 6.3% at the higher end
3. Internet has created 2.6 new jobs for every job that it removed
4. SME that heavily use web technologies grow and export 2x times more than those who do not

It was not surprising that US leads the internet supply eco-system providing 38% of hardware, software and content . India and China were found to be leading internet led growth rate at 20%, and, South Korea is growing faster than Japan!

India: Internet fueling strong growth impulse 

In India internet is adding 3.2% to the national wealth (Rank # 7). As a contrast, Agriculture sector in India employs 52% of workforce and adds just 16% to the GDP. Services provide livelihood to 34% while contributing a whooping 55%!  

A big contribution to the GDP is coming from a sizable positive trade balance for India and China. India accounts for 2/3rd of all software exports!

Notice (below) the high position of India at #4 on Internet supply Leadership index due to a strong growth in private sector. However, India needs to be better prepared for future!

The report also found that internet has fuelled innovation in a big way. Bangalore took just 4 years to graduate to 200 new patents from 50 per year. In mid '90s it took Singapore 6 years to do so, while back in '70-'80 Isreal could cross this threshold in 14 years. Bangalore today accounts for more than one-third of all export of software services from India!

The comparative picture from this report could really be helpful for public policy makers, planners and for industry bodies like NASSCOM to chart out a path for building infrastructure and creating strong internet eco system.