The Indian government's Digital India initiative has lead to the country becoming more and more digital by each passing day. And now it seems, the country's smart home industry is all ready to reap in the benefits of its government's futuristic programme.

According to recent findings made by consultancy firm Deloitte in its TMT Predictions 2017, the number of units under Internet of Things (IoT) in India is expected to exponentially increase to 1.9 billion units by 2020 or about $9 billion. The Indian subcontinent, which has come to acquire the status of a growing IoT hub, is expected to see a 7 times increase, from just $1.3 billion in 2016 to $9 billion by 2020. The report estimates the current number of such devices in the country to be around 60 million.

For the uninitiated, IoT devices refers to the devices, other than smartphones and computers, that are connected to the World Wide Web.

The report also stated that going forward IoT solution deployment for digital utilities or smart cities and in the transport, manufacturing, logistics and automotive industries would drive in the demand for industrial IoT applications.

According to predictions made by Machina Research, even though the Indian smart home industry trails much behind the US and Chinese, it still represents a very promising internet-related growth area for the Indian subcontinent.

The Indian Prime Minister has been an aggressive campaigner of the Digital India initiative. Last year on 8th October, he took the entire country by storm when he announced that the country's 500 and 1,000 rupee notes would seize to being legal tender. His move ended up encouraging the citizens to turn to digital wallet apps in order to deal with the cash crunch.

According to the report, by the year 2020, industries such as manufacturing, transportation, logistics and automotive are most likely to witness the highest adoption levels of IoT in India. The Indian government has allocated about $1 billion for 100 smart cities, over the period of next five years, which is expected to serve as a key enabler for IoT adoption across the aforementioned industries. The government is currently also working on bringing affordable, high-speed internet to 150,000 Indian villages.

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