Contribution of 5G Technology on India Economy

Union Minister of Communications Jyotiraditya Scindia announced on Monday that 5G technology is projected to contribute approximately USD 450 billion to the Indian economy by 2040. Speaking at the Global Standards Symposium at Bharat Mandapam in New Delhi, one of the world’s largest telecom events, Scindia highlighted the transformative potential of 5G. He stated, “In India alone, 5G is expected to inject an astounding 450 billion dollars into the economy by 2040.” He further emphasized that 5G goes beyond faster internet and low latency, serving as a foundation for smart cities, advanced infrastructure, and autonomous innovations.

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