India is expected to reach 690 million subscribers in the 5G segment by the end of 2028, representing a growth of 2,125% compared to the current 5G subscriber base, according to a new report on India’s 5G economy and workforce needs.
The report stated that this expansion in the 5G market will expand mobile coverage in India from current 77% to 94% in 2028.
The report from staffing and labor specialist TeamLease Services, dubbed “India’s 5G rollout: Revolutionizing the People Supply Chain”, stated that India will need a skilled workforce of at least eight million by 2025 in order to fully harness the potential of 5G technology.
The report also mentions the industries that will experience the most substantial benefits from the implementation of 5G technology. Of the 297 companies surveyed, 80% highlighted that the primary beneficiaries of 5G would be the information technology (IT) and banking and financial services sectors. The report noted that these industries are anticipated to witness a significant enhancement in their operational efficiency and service delivery through the integration of 5G technology.
Education, gaming as well as retail and e-commerce emerged will also take advantage of the benefits of 5G.
Meanwhile, approximately 46% of Indian companies expressed optimism about job creation, projecting a range of 61% to 80% within the first year of 5G’s implementation.
Currently, both Bharti Airtel and Reliance Jio Infocomm offer 5G networks in all major cities across the country. While Jio is offering standalone 5G technology (SA), Airtel has opted for Non-Standalone 5G technology (NSA). It is yet unclear whether Vodafone Idea will opt for SA or NSA architecture.
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