Speaking at New Delhi Pragati Maidan exhibition site, PM Modi stressed that from two mobile manufacturing units eight years ago, India is currently having over 200 manufacturing factories, becoming exporter and having as many as 800 million users.
Digital connectivity is an all-important part of India’s policy initiatives through its Digital India, Start-up India and Make in India programs, and the 5G direct contribution to domestic economy is estimated to be $450 billion by next 15 years.
With the 5G service, India is poised to become a global leader in financial technology and will also increase the nation’s digital literacy to be rolled out in different sectors for social development including health, nutrition, education and agriculture.
Communications and Information Technology Minister Ashwini Vaishnaw said 5G technology will bring pivotal progresses for various sectors such as education, logistics, healthcare, agriculture and banking.
5G technology will provide high-data speed, low latency and provide highly-reliable communications, and will progressively cover the entire South Asian country in coming two years.