Indian Economy is going to witness a big boom after the introduction of 5G which was launched by Prime Minister Sh. Narendra Modi at the 6th India Mobile Congress in New Delhi on 1st October 2022. In India, it can be considered as the beginning of the 5th Industrial Revolution that is going to change the lives of Millions of Indians. Moreover, the technology seeks to provide seamless coverage, high data downloading speed, low latency, and a highly reliable communication system beyond our expectations. This service is going to have a positive impact on the Indian economy.
Experts say that by 2024-25, India will be a $5-trillion economy. The economic impact will rise to $ 1 trillion by 2035. GDP will get a bounce of $150 billion between 2025-40. Moreover, the Prime Minister himself showed great interest in the latest technology and was seen understanding the could be impacts of this technology on the Indian economy. He also understood the uses and developmental aspects of this technology.
10 Ways That 5G Can Change Your Lives
1. High Data Speed
5G internet promises higher data speed over 4G, fulfilling the expectations of the consumers. Consumers will get an extraordinary experience than before. Internet speech of 5G could touch 10Gbps, compared to 100Mbps, the peak of 4G.
2. Low Latency Rate
This technology has a low latency rate, as low as 1ms. Latency means the time taken by the device to send data and get a response. This means that this technology will send messages in a quicker time and thus the responses will automatically be faster. Shorter the latency, the quicker the response.
3. Seamless Coverage
Even the remotest of villages will get seamless coverage. It will have a positive impact on energy efficiency, network efficiency, and spectrum efficiency.
4. Impact On Multiple Sectors
Sectors like healthcare, agriculture, education, banking, disaster management, etc are going to witness a positive impact on them. Virtual Reality ( VR ), Augmented Reality ( AR ) will also not remain untouched.
5. Impact On Live Musical Festivals And Live Games
Sports lovers are going to witness transformation also. The experience at live music festivals and sports events like football matches, and cricket matches will become a new experience to watch. Moreover, this advanced system will drive new business opportunities for many sponsors.
6. Impact On Transport And Mobility Sector
A complete transformation is sure to take place in the transport and mobility sectors because of the introduction of 5G technology. The 5G network will give a boom to electric vehicles (EVs) and in the setting up of cost-effective charging stations. Using this network smart buildings can be constructed. Moreover, these smart buildings will provide a comfortable working environment for employees and this comfortable environment will boost production with a reduction in the cost for employers.
7. Industrial Revolution
It is just the beginning of the 5th industrial revolution in India. Various sensors and devices will be controlled to automate the scheduling of various processes. Watching 4K videos on phones will become a better experience. New cell phone applications will come into existence.
8. Impact On Production And Distribution
The way of production and distribution is going to change. It will result in cost reduction, time reduction, the wastage reduction, and hence will improve output. The logistics cost is expected to decrease from 13-14% to 5% in the coming years.
9. Impact On Safety And Surveillance Sector
A big impact is expected to take place on the safety and surveillance sector also. Disaster-hit areas will be remote-controlled, using this technology. You will be able to see a 4K feed from HD cameras installed in public places. Dangerous industrial operations will be controlled by using this technology which in turn will minimize human loss. These dangerous activities include deep mining, off-shore activities, etc.
10. Impact On Economy
As, The Prime Minister of India briefed how $450 billion would be added to India’s economy in the next fifteen years, using 5G internet.
The economic boost will be felt in manufacturing, information and communication, transportation, healthcare, retail, agriculture, and banking sectors. No sector will remain untouched after the introduction of 5G technology.
All these sectors contribute to the economy of every country. Improvement in the functioning of these sectors means that India will be an economic power in the years to come.
Who Brought 5G To India?
The honorable Prime Minister of India, Sh. Narendra Modi brought and inaugurated 5G in India. It was started in India on 1st October 2022 across 15 cities.
What Are The Economic Benefits Of 5G?
5G is not only going to have an economic impact on India but throughout the Globe. 5G is expected to yield $610 billion or more to the Global GDP by 2030.
What Are The Other Benefits Of 5G?
It provides higher speed, lower latency, and greater capacity than a 4G network and is one of the fastest technologies in the world. It has a faster downloading speed with lower lag and will have an impact on how you live, work, and play.
Why Do Developing Countries Need It?
Developing countries are mostly dependent on agriculture and agriculture is dependent on water management and smart agricultural systems. 5G will bring a solution for smart water management and smart agricultural systems. Such a technology with smart connectivity can help in optimizing production and minimize the use of water and fertilizers through more targeted applications.
What Changes Can Be Seen After The Application Of 5G?
5G is 20-fold faster than 4G. It allows more users to connect to one tower, avoiding network congestion during mass gatherings. Changes in every field will be witnessed.
What Are The Drawbacks Of 5G?
The increased usage speed increases the risk of your account being hacked. Lack of encryption during the connection process makes the devices connected with 5G internet an easier target for cyber-attacks and data theft.
Is 5G Ecofriendly?
Yes, 5G is eco-friendly. Its use will make existing industries eco-friendly. For new ventures, it will guide them through the steps needed to use resources wisely.
What Is The Impact Of 5G On The Animals?
Its higher frequencies are known for damaging insects and bird populations. Moreover, a study has proved that such higher frequency radiations are absorbed easily by insects’ and birds’ bodies, creating a heating effect, which is the main reason behind their death.
Which Is The Inventor Country Of 5G Internet?
South Korea is the country that invented and deployed the 5G network. Presently, more than 60% of mobile users in South Korea use 5G networks.
Which Country Has 7G Network?
Norway is a country that provides its people with speeds that reach the levels of 7G network ie 11Gigabits per second.
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