5G launched in India; Impact on Indian Economy

On Oct 1, Prime Minister Narendra Modi has launch the 5G telephony services in India at the India Mobile Congress. It is an era of ultra high-speed internet for the nation.

5G technology will provide seamless coverage, high data rate, low latency, and highly reliable communications. It will increase energy efficiency, spectrum efficiency and network efficiency.

The economic impact of 5G on Indian economy is estimated to be $450 billion by the end of 2035.

The fifth generation or 5G services is expected to bring new economic opportunities as well as societal benefits to the nation. Three telecom majors – Reliance Jio, Bharti Airtel, and Vodafone Idea – put in their bids along with the Adani Group in the spectrum auction for 5G.

We will see a multifaceted impact in terms of creating opportunities for people and businesses that have the potential to completely change the economic landscape of India & it will also helps in providing a strong impetus to socioeconomic growth and industrial development, contributing to the GDP of the economy.

With the 5th generation of 5G, on the future perspective it is more than just upgrading wireless communications ecosystems, 5G will boost global innovation by connecting to other technologies like edge computing. Together, varying, but connected systems will enable huge amounts of data to be wirelessly processed…