Telecom sector enabling 35% of India’s GDP in COVID-19 times

May 3, 2020
Gurugram: As the telecom players ensured their networks were up and running to meet the unprecedented surge in demand during lockdown times, the sector is currently enabling 30-35 per cent of the GDP in the COVID-19 lockdown and social distancing period, other than the present 6 per cent direct contribution to the GDP, a new report has said.

The new normal will see increase in enablement through telecom as the sector braved the conditions to keep the networks up and implement necessary changes on-the-go to augment capacities due to unprecedented increase in the demand for digital services enabled by telecommunications.

According to the report prepared by research firm techARC in collaboration with the the Cellular Operators Association of India (COAI), the telecom leaders saluted the central government as well as the state governments for providing all support to the industry during these tough times.

“With the timely intervention of the Department of Telecommunications and coordination with various state and local authorities, the defunct BTS (base transceiver station) sites were brought down from 800 to 70, increasing the capacities substantially,” said Rajan S Mathews, DG, COAI.

Applications like tele-medicine, e-education, drone surveillance and Industry 4.0 are going to see a surge in consumption, along with new technologies like 5G and IoT taking more significant roles in the near future, thus aiding the new normal.

“We swiftly extended all global best practices and learnings to the India telecom ecosystem by realigning the portfolio on the three principles of Secure, Scale and Stimulate, giving the operator community an immediate resolution of the challenges and linking them with the likely future requirements,” said Amit Marwah, Head of Marketing and Corporate Affairs for Nokia India, during the first virtual techFLIX special series.

The leading industry experts said that many of the patterns and trends that have emerged during the pandemic situation are going to stay and the telecom sector needs to get prepared for that.

“While connectivity and apps are available to the consumers, device fulfilment is a challenge impacting the productivity of people directly,” said Sachin Kalantri, Senior Director, Product Marketing, Qualcomm India.

According to the report the government must look into the requests of the sector empowering them to serve the customers more efficiently.

“Going forward, technologies like 5G shall play a vital role in further enhancing work from anywhere experience,” said Faisal Kawoosa, Founder & Chief Analyst, techARC. IANS

Indian economy remains resilient amid rising global challenges: RBI bulletin

Mumbai: Amidst growing global economic uncertainty, the Indian economy continues to demonstrate resilience as is evident in the robust performance of the agriculture sector and improving consumption, according to the...

Hyundai Motor India to hike car prices by up to 3 pc from April

New Delhi: Joining the league of other automakers, Hyundai Motor India on Wednesday announced a price hike of up to 3 per cent on its cars, effective from next month....

McDonald’s to set up India office, GCC in Hyderabad

Hyderabad: American multinational fast food chain McDonald's will set up its India office and a Global Capability Centre in Hyderabad, it was announced here on Wednesday. The announcement came after...

Impact of US tariffs on India minimal as country diversifies exports kitty: SBI report

New Delhi: The impact of US trade reciprocal tariffs on India will be minimal as the country has diversified its exports kitty, pitched value addition, exploring alternate areas and works...

Maruti Suzuki India announces up to 4 pc price hike from April

New Delhi: Leading automaker Maruti Suzuki India Ltd on Monday announced its third price hike this year — up to 4 per cent which is effective from April — to...

India, New Zealand launch FTA negotiations as PM Luxon arrives in Delhi

New Delhi: India and New Zealand on Sunday announced the launch of negotiations for a comprehensive and mutually beneficial Free Trade Agreement (FTA) negotiations. The announcement came as New Zealand...

Gold prices hit all-time high, cross Rs 86,875 per 10 grams

New Delhi: Gold prices on Thursday reached a new all-time high amid market uncertainties. On the Multi Commodity Exchange (MCX), 24-carat gold April futures rose by 0.21 per cent, touching...

Delhi CM Rekha Gupta approves Rs 2,500 per month scheme for women

New Delhi: Fulfilling the ruling BJP’s flagship Assembly election promise, Delhi Chief Minister Rekha Gupta on Saturday approved a scheme for providing Rs 2,500 monthly financial assistance to eligible women....

Trump grants one-month exemption to big three automakers from Mexico, Canada tariffs: White House

Washington: The White House has said that US President Donald Trump is granting a one-month exemption to three major automakers from the newly imposed 25-per cent tariffs on Mexico and...

Female unemployment drops to just 3.2 pc in India in last 6 years: Centre

New Delhi: Female unemployment has dropped significantly to just 3.2 per cent in the last six years in India, said the Ministry of Labour and Employment on Wednesday. This reflects...

PM Modi, EU’s von der Leyen agree on year-end deadline for FTA, closer defence ties: Joint Statement

New Delhi: Prime Minister Narendra Modi and European Commission President Ursula von der Leyen have agreed to expedite the conclusion of the India-EU free trade agreement (FTA) by the end...

Nifty slips below 22,250, Sensex tumbles over 1,000 pts over US tariff fears

Mumbai: The Indian stock market crashed on Friday on weak global cues, with the Sensex and Nifty falling over 1.26 per cent in the morning trade, as US President Donald...

Read Previous

Delhi to enjoy all red zone relaxations from Monday: Kejriwal

Read Next

TVS Motor reports zero April domestic sales

WP2Social Auto Publish Powered By : XYZScripts.com