News Synopsis
According to a GSMA report, telecom carriers in India are expected to invest around $19.5 billion in the development of advanced infrastructure for 5G by 2025. According to the report, 5G could benefit the Indian economy by $455 billion between 2023 and 2040, or more than 0.6% of the GDP forecast for 2040, reflecting the large number of 5G use cases that could be implemented in India's important industries.
“5G benefits are expected to be realized in new applications in the manufacturing sector (representing 20 percent of the total benefit) as well as the retail, ICT, and agricultural sectors,” according to the findings. However, while the Indian government has assigned two carriers in the E-band of 250 MHz each to address the current need for 5G rollouts, this may not be enough in the 5G era given the requirement for high-capacity backhaul to support use cases and increased data traffic.
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