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5G to Boost India’s GDP
5G to Boost India’s GDP

December 27, 2022

5G

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5G is expected to power up to 2% of India’s GDP, amounting to ~$180 bn in 2030, facilitated by increasing market penetration, strengthening economy and sectoral reforms.

Source: NASSCOM 5G Report

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 a huge impact on India’s economy.

Key Drivers for Aggressive Growth

  • Sectoral Reforms.
  • Strengthening the Economy Major improvements in User Experience.
  • Speedy rollout of services.
  • Affordable 5G solutions.

Policies like the National Optical Fibre Network (NOFN) which plan to connect all the 2.5 lakh gram panchayats in the country will help enhance India’s potential to 5G adoption by increasing accessibility and affordability. Substantially aggressive rollout plan coupled with speedy 5G adoption across customer segments and geographies will also enable aggressive growth.

Key Industries Expected to Lead the Growth

  • MmWave will play a crucial role in driving FWA across rural areas eliminating need for fiber and enabling critical Manufacturing, Retail & Healthcare Use-Cases.
  • Manufacturing sector is expected to focus on digital transformation, smart factories, Retail on efficient customer journey, data analytics, virtual shopping.
  • Energy on 5G smart metering, smart grids, healthcare is expected to focus on online consultation, robotic surgeries, cloud-based patient profiling and wearables, which are expected to propel 5G growth.
  • Ecosystem collaboration to ensure swift development & commercialization of Industry use-cases are expected to recover investment & drive profits substantially.

Indian economy will rely heavily on the investments to be made by telecom service providers that will begin offering 5G services in key cities within this year and scale them up to cover the entire country in the coming years.

To get more insights on 5G, read our report from the links below -  

 


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