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5G to inject $450 bn into Indian economy by 2040: Jyotiraditya Scindia

Union Minister of Communications Jyotiraditya Scindia on Monday stated that 5G technology is expected to inject around USD 450 billion into the Indian economy by 2040.Addressing the inaugural session of 5th Global Standards Symposium in New Delhi, Scindia said that India has rolled out 5G telecom services across all states and Union Territories covering 80 per cent of the population in just 22 months.said, the world is witnessing a paradigm shift in technology and innovation, therefore the concept of standards, and regulations have become more important. Scindia said, today the country is shaping the future of Artificial intelligence, blockchain, smart cities and open-source technologies.

He called for a comprehensive policy framework to ensure that future innovations, such as the upcoming 6G technology, benefit everyone equitably and do not deepen existing digital divides.Scindia also urged the global community to work together in setting standards and nurturing partnerships that will define the future technological landscape, ensuring technology serves as a force for good.

On the occasion, the Secretary-General of the International Telecommunication Union Doreen Bogdan-Martin said, India is leading in terms of a knowledge based economy where innovation is happening at unprecedented scale with a low cost. The Secretary-General said, India is a role model for so many countries who are looking for digital transformation. She expressed happiness over rapid rollout of 5G telecom services in India and significant investment in Artificial intelligence.  

 


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