PM Modi will launch 5G services in India on October 1

According to a recent study, 5G is expected to boost the Indian economy by $355 billion between 2023 and 2040.

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According to a tweet from the government’s National Broadband Mission today, Prime Minister Narendra Modi will officially introduce 5G services in India on October 1.

“Taking India’s digital transformation & connectivity to new heights, Hon’ble PM, @narendramodi, will roll out 5G services in India; at India Mobile Congress; Asia’s largest technology exhibition,” it said.

https://twitter.com/NBM_DoT/status/1573588259464450048?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

The Department of Telecommunications (DoT) and Cellular Operators Association of India jointly organise the India Mobile Congress (IMC), which bills itself as the largest telecom, media, and technology gathering in Asia (COAI).

According to experts, India will tremendously gain from 5G technology. A recent assessment by a worldwide industry association representing mobile network carriers predicted that it would likely boost the Indian GDP by 36.4 trillion ($455 billion) between 2023 and 2040.

According to the GSMA (Global System for Mobile Communications) report, 5G will make up more than a third of all connections in India by 2030, with 2G and 3G’s share falling to less than 10%. The report also noted that India’s high rate of 4G adoption (79%) indicates a subscriber base ready to make the switch to 5G.

The survey also assessed which industries will profit most from 5G technology, including manufacturing (20% of the total benefit), retail (12%), and agriculture (11 per cent).