5G Will Contribute $450 Bn To India's Economy: Vice Prez

Vice President, Shri. M. Venkaiah Naidu, while addressing a community reception in Doha, Qatar spoke of the government's ambitious Ditital India mission.

"A few years back, the Government embarked on an ambitious mission of Digital India. This proved fruitful during the COVID-19 pandemic as every entitled beneficiary was provided assistance by the direct transfer of assistance to the bank accounts.", he said while emphasising on the critical role the digital has played in recent times. 

"The digital infrastructure created in the last few years allowed education to go online when schools and universities were closed throughout the country. The Aarogya Setu app allowed effective contact tracing. COWIN Platform is assisting in Covid vaccination," he added.

"Even the local vegetable vendor in India is now collecting his money through UPI," he said while highlighting the widespread impact that the digital revolution has had in the country. "India now accounts for almost 40 per cent of the real-time digital payments globally", he added

The Vice President highlighted the major role that the introduction of 5G and 6G will have on the Indian economy. "Now, we have embarked on a journey of introducing 5G, which will contribute USD 450 billion to India's economy in the next decade and a half. We have also started working on 6G services, and a task force has already begun work to launch it within the next ten years.", he said while addressing the gathering.

"India's telecom sector is now working with the Mantra of 'Panchamrita' of Reach, Reform, Regulate, Respond and Revolutionise," he added.