New Delhi:A KPMG report on Monday said
that 5G technology has the potential to add 0.35-0.5 per cent to India's
gross domestic product (GDP) by 2025.
The report further said
that India Inc has the potential to unlock $48.69 billion (Rs 3,408
billion) in four years through the deployment of 5G.
government has set a target of becoming a $5 trillion economy by
2024-25. In 2018-19, the Indian economy stood at $2.72 trillion.
estimate that the 5G contribution to annual GDP will likely be in the
range of 0.35-0.5 per cent by 2025. The absolute value unlocked is
expected to be highest in the retail sector, followed by finance and
then the technology sector," said the report released at the India
Mobile Congress 2019.
It further said that IT will be the "most immersive, intelligent and inventive of all technologies".
is a technology trend that has seen wide implementation during 2019 and
its applications will continue to expand beyond cryptocurrency, it
The survey ranked artificial intelligence (AI), augmented
reality (AR)/virtual reality (VR), cognitive computing and machine
learning as the top technologies that will have the highest potential to
generate immersive experiences, but noted that they are nascent in
terms of their evolution and adoption.
AR, VR and AI will all come together to form ‘extended reality', it added.
on the report, Purushothaman K.G., Partner and Sector Lead for telecom
at KPMG in India, said: "The future value that will be delivered through
telecom operators is not by being the provider of ‘connectivity' but as
being a trusted partner and platform provider offering value and
services and experiences to customers.
"We are living in
exciting times where new technologies like 5G, IoT, AI and AR/VR promise
to revolutionise connectivity and unlock value by creating better, more
secure and personalised experiences for everyone."