5G/6G waves to boost Indian economy in the next five years
There will be nearly a 40% rise in hiring in the telecom and allied industries in next few years. By FY26, employment is expected to cross the 6 m mark owing to the continued use of cutting-edge technologies like IoT, 5G/6G, and virtual network op...
By ET Bureau | Updated:
5G/6G, satellite communications, and semiconductors are estimated to collectively contribute about $240 billion to the Indian economy in the next five years, growing to around 1.6% of the GDP by FY28, enabled by favourable policies from the govt and a large domestic market, as per a report by KPMG released at the India Mobile Congress 2023.
Key policy recommendations:
Formulate regulations and administrative processes in the context of digital connectivity infrastructure development (DCIP).
Transition from assembly-only approach in electronics manufacturing to end-toend, holistic approach.
Get low-cost component manufacturers to set up operations in India.
Continue playing an active role in establishing global standards for 6G technology by leveraging its manufacturing capabilities to produce and export 6G equipment to other countries.
Expedited plan to reach 100% fiberisation of towers from current 38%.
