5G – an opportunity for Indian industry to reach out to global markets: Economic Survey

The upcoming 5G technology is an opportunity for Indian industry players to reach out to global markets while building a digital payment, knowledge and services economy, according to the Economic Survey 2018-19. The government has plans to make India 5G ready by 2020 and conduct spectrum auction for providing radiowaves for 5G this year.

“For India, 5G provides an opportunity for industry to reach out to global markets,” the Survey tabled in Parliament Thursday said.

It said 5G will provide opportunity for the consumers to gain with the economies of scale and citizens to reap the benefits of doorstep governance and availability of services, medical support, benefits transfers, education, entertainment and build a digital payment, knowledge and services economy.