5G may add 0.35-0.5% to India's GDP by 2025: Report - Express Computer

A KPMG report has said that 5G technology has the potential to add 0.35-0.5 per cent to India's gross domestic product (GDP) by 2025. The report further said that India Inc has the potential to unlock $48.69 billion (Rs 3,408 billion) in four years through the deployment of 5G. The government has set a target of becoming a $5 trillion economy by 2024-25. In 2018-19, the Indian economy stood at $2.72 trillion. "We estimate that the 5G contribution to annual GDP will likely be in the range of 0.35-0.5 per cent by 2025. The absolute value unlocked is expected to be highest in the retail sector, followed by finance and then the technology sector," said the report released at the India Mobile Congress 2019.