India's 5G Deployment: A Rapid Expansion Set to Propel Economic Growth

India's 5G deployment is expanding rapidly, with nearly half the population expected to use the technology by 2030, according to a GSMA report. The growth promises significant economic benefits, particularly in manufacturing and fintech. India is a leader in 5G Stand Alone networks, presenting opportunities for new mobile applications.

India's 5G deployment is expanding at an unprecedented rate, with nearly half the population expected to use the technology by 2030, according to new figures released by the GSMA ahead of the India Mobile Congress in October.

The GSMA's Mobile Economy Asia Pacific 2024 report predicts that India could spearhead the world's second wave of 5G deployment, delivering economic benefits across various industries, including manufacturing and fintech. Currently, India ranks among the top three smartphone markets in Asia Pacific, with smartphone adoption anticipated to reach 95% by 2030.

India's leadership extends to the commercial deployment of 5G Stand Alone (SA) networks, offering opportunities for developers to create new mobile applications. The GSMA highlights India's potential in the licensed cellular Internet of Things (IoT) market, which is projected to double in size by 2030. This week, GSMA executives are meeting with industry and government representatives to discuss further 5G progress and initiatives ahead of the India Mobile Congress.

(With inputs from agencies.)