Indian Economy News

India set to witness multi-billion-dollar 5G infra roll-out

  • IBEF
  • November 9, 2022

According to Mr. Syed Shahid Hussain, Managing Partner, Financial Services Sector, Asia Pacific at IBM Consulting, India is poised to experience the world's largest roll-out of 5G infrastructure with multi-billion dollar investments by the nation's top telecoms over the coming years.

Additionally, at the Singapore Fintech Festival which was held from November 2-4, 2022, the government would take the lead in creating the India stack, a network-building process that would cover every sector of the economy being digitised with the most cutting-edge technologies

India stack is a set of APIs that enables companies, startups, governments, and developers to use a special digital infrastructure to address the country's challenging issues with presence-free, paperless, and cashless service delivery.

India now has 800 million mobile phone users, and the number is rising. These users serve as the foundation for the rapidly expanding digital economy.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.