Economic Survey 2023-2024: India among world's fastest growing 5G networks
5G networks in the world, and post-the launch of 5G services, India's international rank on mobile broadband speeds has improved from 118 to 15 in March 2024, the Economic Survey 2023-24 said Monday.
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It added that telecom technology development requires significantly large and patient capital for R&D and commercialisation. And to address this, the government has decided that an allocation of 5% of annual collections from the Universal Services Obligation Fund (USOF) would be made available for funding R&D in the telecom sector.
The Telecom Technology Development Fund formulated in 2022 has seen significant participation from start-ups, MSMEs, academia and industry.
The Survey added that India’s overall teledensity (number of telephones per 100 population) has increased from 75.2 % in March 2014 to 85.7 % in March 2024. The number of wireless telephone connections, in turn, stood at 116.5 crore at the end of March 2024, it added.
“The Bharat 5G Portal propels India's 5G capabilities and fosters innovation, collaboration, and knowledge-sharing within the telecom sector," the Survey said.
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