NDCP 2018 to add $1.2 trillion to the country's GDP
By MYBRANDBOOK
It has been reported that the newly-unveiled National Digital Communications Policy 2018, if properly implemented can alone bring $1.2 trillion to the country's GDP.
Aruna Sundararajan, telecom secretary has said that if the new policy is properly implemented, it can alone drive GDP worth $1.2 trillion, and added that industry estimates suggest that the fifth-generation or 5G technology has a potential to double the global GDP.
She has remarked that getting the policy operation was critical, and that the department has a list of 104 initiatives under the national policy. She has high hopes in the sector and felt that the industry would work with the same pace as that of the government, and would not let the department down.
She comments that the department would continue with reforms such as ease of doing business, reduce the burden of regulatory compliance to ensure greater convergence and scope to harness digital opportunities. The government is working on the spectrum auction recommendations it received from the regulator and in the coming months, the department would bring clarity on the timeline of airwaves sale, including 5G frequencies. DoT is also organizing workshops with state governments starting December to launch digital readiness index.
Telecom minister Manoj Sinha has said that India's broadband connections were increased to 444 million from merely 61 million in 2014, with most competitive rates than anywhere in the world. The mobile app business is expected to grow 113 times, to Rs 270 billion by 2020.
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