5G to contribute US$ 450 billion to India’s economy: PM

5G technology would tweak the country's governance, quality of life, and ease of conducting business

May 18, 2022

The introduction of 5G will create massive employment opportunities

5G will boost growth in all sectors including agriculture, health, education, logistics, and infrastructure

India's 5G revenues are predicted to reach US$ 9 billion by 2026: Report

The PM also inaugurated India’s first 5G testbed which has been developed as a multi-institute collaborative project by eight institutes

Prime Minister Narendra Modi said that 5G will contribute US$ 450 billion to India’s economy while addressing the Silver Jubilee Celebrations of the Telecom Regulatory Authority of India (TRAI). He mentioned that the country is attracting investments at about one and a half times more than the rate it used to eight years ago.

PM Modi further stated that 5G technology would improve the country’s governance, quality of life, and ease of conducting business. The impetus created by India’s burgeoning 5G ecosystem will assist the country’s startups from the telecom industry to become global champions. The introduction of 5G will create massive employment opportunities and boost growth in all sectors including agriculture, health, education, logistics, and infrastructure.

PM Modi also inaugurated India’s first 5G testbed at the event which has been developed as a multi-institute collaborative project by eight institutes, led by the Indian Institute of Technology (IIT) Madras. The PM expects India to launch 6G services on its own by the end of this decade. 

As per an industry research, India’s 5G revenues are predicted to reach US$ 9 billion by 2026 and will account for 37.7% of the country’s overall mobile service revenues. The same research also mentioned that India will also account for 1.39% of the global 5G revenues.