In India 5G is expected to create an economic impact of 1 trillion by 2035 and the implementation of 5G and other related technologies will help in accelerating the digital communication process.
5G will lead to a rapid expansion of the flow of information technology across education, manufacturing, health care, agriculture and financial and social sectors.
In a keynote address by Atul Bist, Senior Assistant Vice President, Invest India on 5G and Edge – India’s next trillion dollar opportunity at W.Media’s Digital Week South Asia edition addressed the audience focusing upon the potential that 5G has for the Indian economy.
“Large scale investments in the technology infrastructure of the country are enabling the transformation of India into a knowledge driven economy by ensuring digital access, inclusion and collective empowerment and further enabling India’s digital transformation profile”, said Atul Bist.
He further added that between 2013 and 2014 out of the ten states with the highest number of internet subscriptions seven had a lower per capita income than India’s average.
India is witnessing a digital revolution with the large scale adaptions of digital transformations.
Aadhaar card, which is India’s unique digital identity programme covers more than 1.2 billion people. 1.2 billion Is also the number of active mobile subscribers in India which is 86 percent of the total population of the country is on a mobile network.
“In the last five years India has added a mobile subscriber every second and has tripled its internet user base adding three internet subscribers every second. 99 percent of urban India is active online users and the internet users in rural areas have outnumbered their urban counterparts by 10 percent. India consumes 3,150 GB of data every second”, added Bist.
The mobile data subscription in the last five years has increased in India. The cost of data has also reduced in India as compared to what it was five years earlier.
India is expected to become the second-largest smartphone market in the world.
New use cases to open up with 5G
Bist further underlined that 5G will open new cases to be leveraged by corporates and the Indian economy in general to help the country move to the next generation of digital connectivity, enhance broadband and IoT, fixed wires access and low latency communication.
“The combination of 5G platforms and the internet of things can deliver significant benefits for consumers, enterprises and the society at large. The Indian government and the policymakers support this vision”, stated Atul.
Bist further pointed out that 5G is expected to deliver faster speed 10Gps which happens to be ten times faster than 4G and lower latency of around 1 millisecond which is 50 times lower than 4G.
It will also serve as a catalyst to other technologies such as network slicing, computing based service architecture, cloud and others.
Further, 5G will also help enterprises to address the new service requirements of the ultra-high speed areas of digitaisation. With 5G enterprises can use bandwidth intensive applications and other ICT solutions without any network issues.
By the year 2030 2040 5G will contribute about 40 billion dollars to the Indian economy.
5G is also expected to increase the data traffic between vehicles, smartphones, machines, data centres, sensors and devices of all kinds. 5G will help in making the management of resources extremely cost effective 5G will also be a huge contributor of useful innovations in the future.
According to the Finnish telecom gear maker Nokia, India has 2 million active 5G devices in use across the country.
Which means that the devices are 5G enabled and can access the services if offered by the operators. A lot more smartphone shipments coming into the country are now equipped with 5G and the device ecosystem will soon be in place for a complete roll out, added a Financial Express report.
