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06
December 2018
 |
The investment of $100 billion in the Indian
telecom industry as envisioned in the National Digital Communications Policy
2018 (NDCP) would result in an increase of $1.21 trillion in India's Gross
Domestic Product (GDP) on a cumulative basis, a report said here on Thursday.
Currently, India is a $2.5 trillion economy.
The joint report by Indian Council for Research on International Economic
Relations and Broadband India Forum also said that a 10 per cent hike in
investment in the country's telecom sector may lead to an increase of 3.3 per
cent in the country's GDP on an average. The Total Investment & Insurance Solutions
"The multiplier effect of investment in
communications implies that the $100 billion investment envisioned in the new
policy could cumulatively add $1.21 trillion (Rs 78,90,711 crore) to the GDP
over the duration of the proposed investment," the report said.
"These are significant impacts and yet
could be underestimated given that penetration of internet is still below
international levels," it added.
Speaking at the launch of the report, Aruna
Sundararajan, Secretary, Department of Telecommunications stated: "While
the first wave of mobile revolution heralded a new age of growth and dynamism
to the economy, the second wave is now being led by the growth of internet
subscribers and investments in telecommunication infrastructure, leading to
exponential benefits to the economic and GDP growth." The Total Investment & Insurance
Solutions
It is critical therefore for states across
India to leverage it to ensure greater direct and spill-over benefits, she
added. The Total Investment &
Insurance Solutions
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