5G telecom networks are expected to represent nearly 2% of India’s GDP by 2030, according to a recent report by India’s National Association of Software and Services Companies (NASSCOM) and Arthur D. Little.
The report anticipates that the 5G sector will generate revenues of nearly $180 billion by 2030.
“With over 500 million 5G users in India by 2030, 5G can be truly transformational for the economy. With public and private 5G networks enabling use cases across multiple sectors such as mobility, healthcare, manufacturing, retail, energy and utilities, 5G can have an impact of over $180 billion on India’s economy in 2030,” said Barnik Chitran Maitra, managing partner of Arthur D. Little India and South Asia.
