Telecom industry may contribute 8.2% to GDP by 2020 by leveraging 5G: Economic Survey

KOLKATA: The telecom industry’s contribution to GDP is estimated to reach 8.2% by 2020, by when industry players are slated to also leverage 5G technologies to connect with global markets and ring in a fully networked, knowledge and services economy, the Economic Survey 2018-19 said Thursday.
The Modi government plans to make India 5G-ready by 2020, and has signalled plans to auction 5G spectrum later this year.
“For India, 5G provides an opportunity for industry to reach out to global markets; consumers to gain economies of scale and citizens to reap benefits of doorstep governance and availability of services, medical support, benefit transfers, education, entertainment and also build a digital payments, knowledge and services economy,” the Survey said.

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