{"id":30729,"date":"2022-10-05T12:00:47","date_gmt":"2022-10-05T05:00:47","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=30729"},"modified":"2022-10-06T10:39:21","modified_gmt":"2022-10-06T03:39:21","slug":"5g-opens-opportunities-for-indias-digital-economy","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/5g-opens-opportunities-for-indias-digital-economy\/","title":{"rendered":"5G opens opportunities for India\u2019s digital economy"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Other business opportunities become available just from a 5G perspective<\/span><\/p>\n<figure id=\"attachment_30730\" aria-describedby=\"caption-attachment-30730\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-30730\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/10\/shutterstock_1572581563.jpg\" alt=\"\" width=\"1000\" height=\"435\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/10\/shutterstock_1572581563.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/10\/shutterstock_1572581563-400x174.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/10\/shutterstock_1572581563-600x261.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/10\/shutterstock_1572581563-768x334.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-30730\" class=\"wp-caption-text\">It is expected that 5G will have a significant impact in several sectors, such as e-commerce, financial services, gaming, and logistics. PQN Studios\/Shutterstock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Telecom Minister Ashwini Vaishnaw talked about a comprehensive policy roadmap for India\u2019s digital economy in an interview with <\/span><a href=\"https:\/\/indianexpress.com\/article\/opinion\/columns\/why-we-need-to-build-a-framework-for-global-digital-governance-8160848\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Indian Express<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In recent years, policies and regulations in India have been refined to broaden their scope and include internet enterprises, particularly Big Tech, under their domain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">5G in India, which was launched in 13 cities, including Bengaluru, Chandigarh, Gurugram, and Hyderabad, can bring significant economic benefits to the country, according to <\/span><a href=\"https:\/\/swarajyamag.com\/economy\/how-5g-will-boost-the-indian-economy\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Swarajya Magazine<\/span><\/a><span style=\"font-weight: 400;\">. It provides faster speeds and lower latency compared to 4G, which are ideal as AI, the internet of things (IoT), metaverse, and other smart platforms become more common for individuals and enterprises.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, it is expected that 5G will have a significant impact in several sectors, such as e-commerce, financial services, gaming, and logistics.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other business opportunities become available just from a 5G perspective. It is predicted that India&#8217;s economy will grow by USD450 billion in 15 years.<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/indias-economy-surpasses-the-united-kingdoms-ranking-5th\/\" target=\"_blank\" rel=\"noopener\"><strong>More: India\u2019s economy surpasses the United Kingdom\u2019s, ranking 5th<\/strong><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Manufacturing, technology and communication, healthcare, retail, and agriculture are just a few of the industries that will benefit from the 5G-driven economic growth. Remote-controlled devices, industrial automation, remote monitoring and quality control, and warehouse logistics automation are a few examples of industrial uses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The pandemic yielded lower revenues for many industries in 2020, reported <\/span><a href=\"https:\/\/cio.economictimes.indiatimes.com\/news\/strategy-and-management\/why-software-intelligence-matters-for-indias-digital-economy-to-thrive-globally\/94576010\"><span style=\"font-weight: 400;\">ETCIO<\/span><\/a><span style=\"font-weight: 400;\">. The industry that proved its resilience, however, was the software industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">More than USD1.7 trillion was spent on technology (excluding hardware) in 2021 as consumers spent heavily on gaming, digital content, e-commerce, and social media. This number is projected to reach USD1.8 trillion this year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">India&#8217;s digital economy gains new opportunities from 5G. Its economic impact will be in billions; socio-economic worth trillions, and this is before 6G trials even begin in the country.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">The Property Report editors wrote this article. For more information, email: <a href=\"mailto:propertyreport@propertyguru.com\" target=\"_blank\" rel=\"noopener\">propertyreport@propertyguru.com<\/a>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Other business opportunities become available just from a 5G perspective<\/p>\n","protected":false},"author":12,"featured_media":30730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[596,2402],"class_list":["post-30729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-5g","tag-digital-economy","news_country-india","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>5G opens opportunities for India\u2019s digital 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