Deloitte Report: 5G to Boost India's Economy by $450 Billion by 2040

– According to Deloitte’s TMT Predictions report, the Indian economy is expected to receive a significant boost from the adoption of 5G technology, contributing up to $450 billion by 2040.

– The report also predicts that the Indian semiconductor market will reach $55 billion by 2026 and the sports market could reach $100 billion by 2027.

– The adoption of 5G technology in India is expected to drive innovation and growth across industries, including healthcare, agriculture, manufacturing, and entertainment.

– With 5G, India can develop new services and applications, such as smart cities, autonomous vehicles, and virtual reality, which will create new opportunities for businesses and consumers.

Deloitte’s TMT Predictions report has predicted that the adoption of 5G technology in India will contribute up to $450 billion to the country’s economy by 2040. The report also highlighted the growth of the semiconductor and sports markets in India. The semiconductor market is expected to reach $55 billion by 2026, while the sports market could touch $100 billion by 2027. The report emphasised that the adoption of 5G technology would have a transformative impact on multiple sectors, including healthcare, agriculture, manufacturing, and entertainment. The report also noted that 5G technology would enable the development of new services and applications such as smart cities, autonomous vehicles, and virtual reality, which would create new opportunities for businesses and consumers. The adoption of 5G technology is set to drive innovation and growth, positioning India as a leader in the global digital economy.

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