India is on the cusp of the next generation of wireless technology 5G and it has been conceived as a foundation for expanding the potential of the networked society. A digital transformation brought about through the power of connectivity is taking place in almost every industry. The landscape is expanding to include the massive scale of smart things to be interconnected. Therefore, the manner in which future networks will cope with massively varied demands and a business landscape will be significantly different from today, the release said.
The economic benefits from the 5G technology are also quite immense. As per the OECD (Organization for Economic Cooperation and Development) Committee on Digital Economic Policy, it has been stated that 5G technologies rollout will help in increasing GDP, creating employment and digitising the economy.
For India, 5G provides an opportunity for the industry to reach out to global markets, and consumers to gain with the economies of scale. Worldwide countries have launched similar Forums and thus, India has joined the race in 5G technologies, it added.
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