India to become $6 trillion economy by 2030: Scindia

Union Communications Minister Jyotiraditya Scindia has expected India’s economy to reach $6 trillion by 2030. He attributed this growth to rapid technological advancements and robust economic reforms. Speaking at the Time Group’s Global Business Summit in Delhi, he emphasized India’s record-breaking 5G rollout, made possible by domestic telecom companies. Scindia outlined India’s economic trajectory, predicting it will surpass Germany and Japan to become the world’s third-largest economy by 2027. He estimated GDP to reach $5 trillion by 2028 and $6 trillion by 2030.
Highlighting Bharat Sanchar Nigam Ltd. (BSNL)'s turnaround, Scindia noted that the telecom firm posted a net profit of Rs 262 crore in Q3 FY24, marking its first profitable quarter in 17 years. Government capital infusion of Rs 3.04 lakh crore, cost-cutting measures, and network expansion contributed to this recovery. BSNL’s operating profit stood at Rs 2,400 crore from April to December 2024, while annual losses have been trimmed by Rs 1,800 crore.

For the first time in 17 years @BSNLCorporate has made a net profit in Oct-Nov 2024 Quarter. pic.twitter.com/KHqdS3amzb

— Jyotiraditya M. Scindia (@JM_Scindia) February 16, 2025

Discussing India’s future in telecom, he revealed that the country is already preparing for 6G with a dedicated test bed and 111 research projects worth Rs 300 crore. BSNL has rolled out 75,000 sites in the past seven months and aims to complete 100,000 4G sites by June 2025. These sites can be upgraded to 5G with minimal changes, paving the way for 6G integration. Scindia further highlighted India’s ambition to secure 10% of global 6G patents, positioning the nation among the top six in next-generation telecom innovation.

(State Correspondent)