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5G and Economic development of India

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       We all have been hearing about 5G launch in India. The 13 cities where 5G networks will be launched first includes Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, Gandhinagar, Gurugram, Hyderabad, Jamnagar, Kolkata, Lucknow, Mumbai and Pune. As per GSMA (Groupe Special Mobile Association ) report 5G is going to benefit Indian economy by Rs 36.4 trillion by 2030 to 2040. Its increased efficiencies and productivity will add value across sectors.

       With the advancement in industry 4.0 and IoT (Internet of Things) the industry is looking forward to a future of connected and autonomous vehicles. New business models will come into existence which will give rise to development of multiple revolutionary service. The promise of 5G technology has rekindled our imagination because it brings ultra highspeed data transfer and low latency which means quicker response times and better reliability.

      5G will reframe the automotive industry in several transformative ways with new models offering exciting innovative features, better production processes, new business models etc. According to industry research by Gartner – By 2023 the automotive sector will be the most significant market opportunity for 5G IoT solutions.

There are many questions related to 5G like –

  1. How 5G can transform the transport system and help in making the public transport a viable and sustainable option?

          We need to understand that transport system or industry has entered a period of rapid advancement and the pace of change is only increasing. 5G has the potential to not only support but accelerate the revolutionary changes with todays evolving digital transport solution. In urban cities mobility and transportation are the two principle challenges hence availability of 5G will pose a revolutionary opportunity for urban mobility which will allow cities to modernize and make transportation system more efficient.

          5G will allow cities to have an ability to improve public transport operations and planning even introducing dynamic transport planning and potentially reducing traffic congestion as this is one of the most day to day challenge in urban area.

  • In spite of development in technology, digital divide can be seen. So how can 5G help in solving this digital divide?

        In many South Asian Countries we can find low fiber penetration and since 5G FWA (Fixed Wireless Access) which is all about wireless and doesn’t need any cable infrastructure there is lot more potential like strong subscriber growth in those countries.

         Based on economic studies conducted by GSMAI- FWA is cheaper for operators to deploy compared to conventional fiber hence these savings can trickle down to the costumers by making a great opportunity for bridging the digital divide that exists in many countries and in rural areas.

During the ancient era there was a time when India contributed nearly  a quarter to world economy. This 5G technology will help India to regain its lost glory.

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