5G expected to power upto 2% of GDP by 2030: Report

Mumbai: Fifth generation (5G) telecom networks are expected to power up to 2% of India’s GDP, amounting to $180 billion by 2030 on the back of increasing market penetration, a strengthening economy, and sectoral reforms, said a report by the National Association of Software and Services Companies (NASSCOM) and Arthur D Little.

“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 and utilities, 5G can have an impact of over USD 180 billion on India’s economy in 2030,” Barnik Chitran Maitra, managing partner, Arthur D. Little India and South Asia said in the study titled – 5G – Unfolding India’s era of digital convergence.