Led by increasing market penetration, improvement in user experience, sectoral reforms, swift launching of services and other drivers, the 5G network technology is expected to increasingly contribute to growth in India’s GDP.
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Led by increasing market penetration, improvement in user experience, sectoral reforms, swift launching of services and other drivers, the 5G network technology is expected to increasingly contribute to growth in India’s GDP. A report by Nasscom and Arthur D Little has noted that a large scale adoption of 5G technology is expected to contribute about 2%, that is US$ 180 billion to India’s GDP by 2030.
As per the report, major sectors leading the adoption of 5G will be the energy & utilities, retail, healthcare and the manufacturing sector. 5G is expected to generate ‘new value’ through hyper-connectivity and shall give impetus to digital transformation across industries.
Barnik Chitran Maitra, Managing Partner, Arthur D. Little India and South Asia said, “With over 500 million 5G users in India by 2030, 5G can be truly transformational for the economy. With public and private 5G networks enabling use cases across multiple sectors such as mobility, healthcare, manufacturing, retail, energy & utilities, 5G can have an impact of over US$ 180 billion on India’s economy in 2030”.
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