5G launch a big step in ease-of-doing-business and ease of living: FICCI

3 Oct 2022 , 04:21 PM

The launch of 5G services by the Honble PM is yet another momentous milestone in the nations economic journey and will facilitate both ease-of-doing-business and the ease of living, FICCI President Mr Sanjiv Mehta said. It will revolutionise digital sector and will also augment agriculture, disaster management, healthcare, education, logistics and transport, fintech, industry4.0 and is a big push for AatmNirbhar Bharat. Speaking on the 5G launch, Mr Arun Chawla, Director General, FICCI, said, it is a generational leap that can help increase the telecom sectors contribution to GDP to 8-9 per cent from 6.5 per cent presently. He noted that 5G services would comprehensively boost the countrys digital ecosystem, ensure last mile service delivery and accelerate the nations socio-economic progress. It is anticipated that 5G technology will add US$ 450 billion to the Indian economy between 2023 and 2040. The potential of 5G in India is genuinely transformative. Once built, it will accommodate up to one million connected devices per square kilometre compared with only 2,000 under 4G. Powered by Capital Market – Live News