A 5 trillion USD Economy Awaits India By 2027, Thanks To Telecom Industry!
India beholds a massive advancement in its telecom sector, which is driving its economic growth target of $5 trillion dollar to fulfillment by the year 2027.
India is on a race to become one of the most advanced countries in the world with regard to its telecom industry, which bears the potential of driving it to a $5 trillion economy imminently in 2027.
The telecom industry creates about 1.5 per cent over and above additional GDP for the Republic of India, and is proudly presented as the greater enabler of economy.
Thanks to the amendments and laws that the present government brings out in pace with the technological advancements that has ushered India to such great heights within such a less duration of time.
With the whole planet at large welcoming the surge of innovations and technical intelligence, India has not backed out from the crease, and has shown its mighty power by virtue of the masses it holds and the awareness of technology bestowed on the country men through various reforms and practices by the majoritarian government.
From Huge Gaps To Huge Leaps In Connectivity
Even with the enormous population size of 143 Crore, it is a sight to behold when every Indian can proudly make use of the best technology in hand with the latest smartphones presented to them, which not just offers them a connectivity service, rather in the present day scenario has also become the mode of income generation for many of the youth and old alike.
A DTH television, radio, and smartphone is not something new to India, which is taking over its population even in the remotest areas of the land, besides the continuous flow of fixed-land broadband subscriptions mainly in the rural villages on account of the expansion of fiber.
The audacious goal of a 5 trillion dollar economy is deemed to be accomplished within a sniffing distance of 4 years from now, that could have seemed as an impossible target in the last few years.
The progress, embarking as a huge leap, aims to target the reach of the 5G connectivity to all its citizens by March 2024.
Chairman and founder of Bharti Enterprises himself acclaims that the telecom industry not just holds online banking, one-to-one peer connections, but also e-commerce, rural India payment remittances, and healthcare, which along side the 5G evolution would spark more creativity in terms of drone management and lower energy consumption among many others.
Mittal also shred light to how his early childhood days had no such long and deep connectivity, and they had no other alternative than to grow up amidst telecom shortages, whilst only delivering communication through the verbal and postal means.
Acknowledging the Narendra Modi led 9-year government, Mittal showed his delight to receive support on the blooming telecom industry from one of the world’s finest leaders, who has not just taken swift and apt decisions for the businessmen in the country but also set a near-in-vicinity target for the nation, that could make India count among the developed nations of the world sooner than later.
India’s Advancement In The Telecom Sector
Prime Minister Modi’s agenda of preparing each Indian for the digital era by making them self-reliant and digitally forward in all sectors is soon set to make headway to the proposed economic upswing.
Marking quick shifts in the technology module and enhancing the outreach of its services all across the country, India is witnessing the fastest 5G rollout in the planet.
Within mere 8 months of its launch, the 5G services would dawn on every citizen as the nation has predominantly set up 2 lakh base stations for the service.
A case study by Deloitte-CII observes that the telecom industry in India will behold an upscale by 12.5 billion dollars every three years.
Furthermore, by 2025, the Indian economic market would also notice the rise of virtual and augmented reality with an estimate of 1.6 billion dollars.
In the last 5 years, India has shown drastic changes in its network and communications sector. In terms of economy, the Asian country has exclaimed spellbound growth trajectories with an additional 1.4 trillion dollar totaling to 3.5 trillion dollars in the latter day.
Mittal proclaimed India to be the most advanced in terms of telecommunications at a global level.
Proofread & Published By Naveenika Chauhan
