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5G $ 450 billion over next 15 years, Digitized by Indian economy, boost startup ecosystem: Piyush Goyal

India is providing much needed impetus to the digital sector and it is already starting to get respectable results. Digital India Drive has become the foundation for the next generation of India. Piyush Goyal emphasized that the country was moving towards transparent and efficient governance, Indian trade and industry, consumer affairs, food and public distribution and textiles, adding that the country had shifted from 2G / 3G to 4G and now to 5G.

5G will contribute $ 450 billion (approximately Rs. 34,94,900 crore) to the Indian economy over the next 15 years and the launch of the domestic 5G testbed will be a milestone towards Atma Nirbhar Bharat (self-reliant India) in telecom. He said it would help in digitizing the economy in the country, boosting the startup ecosystem, improving governance, ease of living and doing business easily.

The Minister congratulated the Telecom Sector Watchdog Telecom Authority of India on completing 25 years.

Nearly 400 comprehensive GIS-based maps have already been prepared under the PM Kinetic National Master Plan. This digital push has opened up various investment opportunities for India abroad.

Goel stressed that the revolutionary PM dynamic initiative will help solve the problem of infrastructure development in the country and help us in formulating a safe, sustainable, scalable and cooperative approach towards infrastructure planning.

PM Kinetic Energy is the National Master Plan for Multi-Model Connectivity to Different Economic Zones.

The goal of Atmanirbhar Bharat is to make the country and its citizens independent and self-sufficient in all senses. The Prime Minister of India Narendra Modi Atma Nirbhar elaborated on the five pillars of India – economy, infrastructure, system, vibrant demography and demand. The Finance Minister further announced government reforms and enablements in seven areas under the Atmanirbhar Bharat Abhiyan.

The government has taken many bold reforms such as supply chain reforms for agriculture, rational tax systems, simpler and clearer laws, more effective human resources and a stronger economy.

Speaking on the tremendous progress made by the telecom sector over the past few years, especially in reducing digital segregation, Goel expressed confidence that information technology and last-minute digital connectivity will have an impact on every sector and lay the foundation for India. Growth story in the years to come. He said Digital India would lay the foundation for Atma Nirbhar Bharat.

Digital connectivity has played a key role in combating the COVID-19 epidemic by enabling quick and easy access to health infrastructure and other support systems worldwide.

Referring to India’s breakthroughs in telecom and digital technologies, Goel said the government has infused new energy in the telecom sector over the past eight years with the motto of Reach, Reform, Regulate, Respond and Revolutionize. . He said the principles defined the efforts made by the government in the last eight years to re-energize the sector.

The minister said the efforts made to successfully bring connectivity to every last village in the country were a testament to the government’s sensitivity in reducing the digital divide and ensure that no citizen loses the ability to connect with the world.

The minister lauded the regulators for creating and maintaining a sustainable policy ecosystem, saying it had helped protect telecom companies and consumers. He said the lowest number of complaints received by the Consumer Affairs Department was in the telecom sector.

The Minister opined that the launch of Digital India and Jam Trinity (PM Gatishakti National Master Plan) was a milestone in the history of the country and revolutionized the way public services were provided to the common man. JAM Trinity has helped bring the fruits of technology to the masses, reducing transaction costs, eliminating intermediaries, and eliminating leakages and corruption from the system.

The Digital India Program is a flagship program of the Government of India aimed at transforming India into a digitally empowered society and knowledge economy. The Government of India has launched the Digital India program with the vision of transforming India into a digitally empowered society and knowledge economy to transform the entire ecosystem of public services through the use of information technology.

JAM Trinity represents the Government of India’s initiative to link Indians’ Jan Dhan accounts, mobile numbers and Aadhaar cards to prevent leakages of government subsidies.

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