5G to drive India’s economic growth with improved urban to rural connectivity: Deloitte and CIII report
Deloitte India and the Confederation of Indian Industry (CII) project that the Indian telecom industry will grow by $12.5 billion every three years thanks to the adoption of 5G technology. In a report released today, the organizations said that 5G has the potential to accelerate economic growth in India, creating job opportunities and connecting urban and rural populations.
The technology’s ultra-low latency and high data rates are expected to drive innovation and efficiency in sectors such as energy, healthcare, and agriculture. The report also highlighted the potential for collaboration and alliances to be formed as a result of 5G adoption in India.
With the advent of 5G technology, smartphones are likely to become larger and slimmer, potentially becoming more foldable or expandable. The embedded 5G hardware will enable the seamless blending of reality and virtual reality on smartphones, providing users with an immersive and versatile experience. New trends and innovations are expected to emerge as a result of these advancements.
As telecom companies work to improve their 5G capabilities and infrastructure, various state governments are preparing for the adoption of 5G connectivity to support good governance. This includes making plans and taking steps to ensure that the technology is implemented and utilized effectively.
The adoption of 5G technology is expected to drive a range of benefits for the Indian economy. The high-speed network will enable the growth of various industries that rely on seamless connectivity, such as healthcare, education, and retail. The increasing demand for smartphones, fueled by the need for fintech, e-health, and e-learning, is expected to drive growth in the telecom sector.
The adoption of 5G is also expected to lead to efficiency gains and cost reductions, benefiting the overall economy. The government’s Production Linked Incentive (PLI) schemes are aimed at improving investor sentiment, attracting more investment, and stimulating innovation and research and development in the telecom sector.
The technology’s ultra-low latency and high data rates are expected to drive innovation and efficiency in sectors such as energy, healthcare, and agriculture. The report also highlighted the potential for collaboration and alliances to be formed as a result of 5G adoption in India.
With the advent of 5G technology, smartphones are likely to become larger and slimmer, potentially becoming more foldable or expandable. The embedded 5G hardware will enable the seamless blending of reality and virtual reality on smartphones, providing users with an immersive and versatile experience. New trends and innovations are expected to emerge as a result of these advancements.
As telecom companies work to improve their 5G capabilities and infrastructure, various state governments are preparing for the adoption of 5G connectivity to support good governance. This includes making plans and taking steps to ensure that the technology is implemented and utilized effectively.
The adoption of 5G technology is expected to drive a range of benefits for the Indian economy. The high-speed network will enable the growth of various industries that rely on seamless connectivity, such as healthcare, education, and retail. The increasing demand for smartphones, fueled by the need for fintech, e-health, and e-learning, is expected to drive growth in the telecom sector.
The adoption of 5G is also expected to lead to efficiency gains and cost reductions, benefiting the overall economy. The government’s Production Linked Incentive (PLI) schemes are aimed at improving investor sentiment, attracting more investment, and stimulating innovation and research and development in the telecom sector.
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