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Telecom industry to contribute 8.2 per cent to GDP by 2020, says Economic Survey 2018-19

July 04, 2019
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According to the Economic Survey 2018-19, 5G presents an opportunity for Indian industry players to reach out to global markets while building a digital payment, knowledge and services economy.  As per the survey, the telecom industry is expected to contribute around 8.2 per cent to the country’s gross domestic product (GDP) by 2020 by leveraging 5G technology.

Further, the advent of 5G is set to contribute $2.2 trillion to the global economy over the next 15 years, benefitting key sectors such as manufacturing, utilities, and professional/financial services, the survey said.

The government has set the goal to make India 5G ready by 2020 and is planning to conduct 5G spectrum auction this year itself.

In an effort to prepare the ground for 5G, the government had constituted a high level 5G India 2020 Forum to articulate the vision for 5G in the country. The 5G forum had submitted its report on “Making India 5G Ready” in August 2018.

Based on the views of the forum, seven committees have been constituted for action on spectrum policy, regulatory policy, education and awareness promotion programme, application and use case labs, development of application layer standards, major trials and technology demonstration and participation in International Standards for 5G.

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