The growth is expected to be driven by combined efforts of government policies and infrastructure spend in ICT and supporting areas, along with massive private investment in form of venture and angel funding, R&D and user readiness. The growth across key sectors during 2015-2018 was –     E-commerce – recorded a growth rate of 62% CAGR Online Travel – recorded a growth rate of 15% CAGR Online Media – recorded a growth rate of 44% CAGR Ride Hailing– recorded a growth rate of 39% CAGR During the same period contribution to GDP across SEA by internet more than doubled from 1.3% to 2.8%. Among the six major economies, highest contribution was to Vietnam with 4%, while lowest was in Philippines where it contributed 1.6% of GDP. Vietnam Vietnam’s internet sector has led the growth in GDP contribution across Southeast Asia with 4%, while it also has one of the highest CAGR of 35% for growth revenue. Vietnam had raised it focus on IT development and started investment in infrastructure along with policy support to encourage global businesses and entrepreneurs to start operations in Vietnam. Since 2000, its IT sector has expanded from close to being absent to more than 14,000 IT companies across hardware, software and digital content. With its expanding IT skilled labor-force, Vietnam became the 2nd largest IT partner for Japan in 2015. In 2015, Vietnam adopted IT Master plan 2020 with aim of boosting the IT sector and accelerating GDP growth. Plan also emphasized on Vietnam coming under top 55 countries of ICT index of ITU. Philippines Philippines experienced the lowest contribution from internet economy to its GDP with 1.6%, and recorded a growth of 30% during 2015-18. Over the last decade Philippines has emerged as an IT outsourcing hub in SEA, with strong growth in BPO sector. In 2015, Manila became the only city to be among top 7 Outsourcing Destinations outside India. In 2015, Manila’s BPO sector provided employment to more than 1 million people, while generating revenue over US$20 billion and expected to be around US$23 billion for 2016 while employing 1.1 million people. The program during 2011-16 saw US$1 revenue create half-equivalent wealth.43 Further under employment, every full-time job created 3.2 indirect jobs. Philippine Government had been actively engaging in policy and infrastructure development for sustainable long-term growth across IT-BPM industry, while recognizing ICT as a key enabler to achieve the target for sector. BPO was identified as 10 high-potential areas for development in 2011-16 Philippine Development Plan. During the plan government invested heavily in the development of SEZ areas for BPOs and call centers, Creation of regional ICT councils and ICT road map, training programs, along with other fiscal and non-fiscal incentives.44 Philippines have followed up the development plans with IT-BPM Roadmap 2022, which aims to leverage the technology advancement and capabilities to enhance the IT-BPM industry and expand its sub-sectors. The plan highlights Animation and Game Development, Contact Center and BPO, Health Information Management, IT & Software, and Global In-house Centers operations. The roadmap is expected to create 1.8 million direct jobs with 7.6 million direct and in-direct jobs across IT-BPM 43 44 http://boi.gov.ph/wp-content/uploads/2018/02/IT-BPM-2017.pdf https://www.interglobetechnologies.com/blog/philippines-the-new-hub-of-outsourcing/ 39