According to McKinsey, implementing faster connections in mobility, healthcare, manufacturing, and retail can increase global GDP by $1.2 - $2 trillion by 2030, and this can have a cumulative economic impact of $1 trillion on India by 2035, reported Telecom Regulatory Authority of India.
In view of this, 5G rollouts are being planned to expand new-age technologies and various digital applications. Next-generation 5G networks will allow enterprise & governments to leverage technologies like IoT, AI, AR/VR, and private LTE to support Industry 4.0.
It will enable more mission-critical IoT devices to be connected reliably through wireless while providing enhanced broadband for immersive and seamless experiences and better access to healthcare, education, e-governance, banking, crisis management, etc. As per the GSMA forecast, over the period 2023-2040, 5G technologies will contribute approximately $450 billion to the Indian economy (0.6% of GDP by 2040).
Read More ...