5G may Contribute up to 2% to India’s GDP by 2030

5G may Contribute up to 2% to India’s GDP by 2030

• The launch of 5G services will strengthen India’s position as an economic and technology powerhouse globally and is expected to boost 2% of the country’s gross domestic product (GDP), amounting to approximately $180 billion by 2030, according to a new report by industry body Nasscom.
• Sectors such as healthcare, energy and utilities, manufacturing, and retail are expected to benefit the most from large-scale 5G adoption. For example, certain aspects such as adequate infrastructure upgradation and fiberisation for 5G deployment, along with network densification need to be addressed to realise the utmost benefit of the technology across industries, the report noted.

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Published date : 18 Nov 2022 03:58PM