Indian Telecom Industry To Grow By $12.5 Bn Every 3 Years

The latest Deloitte-CII report projects the Indian telecom industry to grow by USD 12.5 billion every three years.

The report notes that 5G will accelerate economic growth, increasing job opportunities and connecting the urban and rural population. 

Together with ultra-low latency and high data rates, 5G is expected to create avenues of collaboration and alliances as well as drive India to reimagine a whole new way of engaging in the new, faster, agile digital world.

Digital experiences will transform traditional shopping behaviours and the focus will be on providing enhanced customer experiences by combining the benefits of physical brick-and-mortar stores with immersive shopping platforms.

In a statement, Peeyush Vaish, Partner and telecom sector leader, Deloitte India said “With the right mindset and technological prowess, the Indian Telecommunication Industry can use 5G to accelerate economic growth and resilience in the country.” 

While telecom companies continue to strengthen their 5G capabilities and build a robust infrastructure, various state governments are gearing up for the adoption of 5G connectivity for good governance.

The report says newer trends will emerge like smartphones becoming bigger and slimmer, likely becoming more foldable or expandable. Given the embedded 5G hardware, technology will be seen summarising the world via smartphones seamlessly bending reality into virtual reality.

“5G is also expected to empower organizations to act on rich datasets in real-time, offering unprecedented visibility, insights, and control over assets, products, and services. We also expect a surge in the requirement for private networks in Indian industries once they comprehend the benefits of shifting to 5G network,” Vaish added.