New Delhi, Dec. 3 -- India's digital economy is expanding at nearly twice the pace of the country's overall GDP, highlighting the rapid shift toward technology-led growth across the Asia-Pacific region, according to a research report released by India Exim Bank.

The report highlighted that digital transformation has emerged as one of the most powerful drivers of economic growth in this region.

It stated "Digital transformation is emerging as one of the most powerful drivers of growth in Asia-Pacific, with the digital economy of India, among others, expanding at nearly twice the pace of overall GDP".

It also noted the rise of vibrant e-commerce ecosystems, with companies like Japan's Rakuten, China's Alibaba Group, India's Flipkart and ...