Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  

| More

India Surges Ahead in 5G Deployment, Paving the Way for a High-Tech Future!

Posted On: 2023-11-03 17:59:11 (Time Zone: IST)

By HDFC Asset Management Company Limited (HDFC AMC)

India has been highlighted as one of the rapidly advancing markets for 5G technology according to a report by Ericsson, achieving a significant milestone of 100 million 5G smartphone sales in May 2023, surpassing 4G smartphone shipments per month for the first time. 5G technology is the new frontier in telecom infrastructure, and India has taken multiple steps to ensure manufacturing and other competencies. Rapid progress in 5G is critical for India to improve its productivity and achieve Atmanirbharta.

As per a report by Press Information Bureau (PIB) released in May 2023, 5G services have already been installed in 200,000 sites covering 700 districts, within 8 months of its launch on October 01, 2022. Furthermore, Shri Ashwini Vaishnaw, Minister for Electronics and Information Technology stated that the rollout of 5G rollout has been one of the fastest roll out in the world with one site installed per minute. As per the report by Ericsson, India has adopted 5G faster than the other early global adopters, in terms of active engagement with digital apps and services, including streaming, gaming, and augmented reality. In the survey done by Ericsson, notably 3 in 10 5G users emerged from major urban centres like Delhi, Mumbai and Bengaluru.

As the adoption of 5G services continues to rise rapidly, the Government is making a concerted effort to indigenously manufacture the telecom equipment for providing the 5G service. Recently at the India Mobile Congress (IMC), Mr. Vaishnaw stated that nearly 80% of the telecom equipment used in the rollout of 5G has been made in India. Through the Production-Linked Incentive Scheme, there are multiple global companies that have been approved, and have started designing and manufacturing in India to supply this equipment domestically and globally. Currently, India is exporting indigenously designed and manufactured telecom equipment to a total of 72 countries. With the intention to promote the "Make in India" initiative, by manufacturing telecom products domestically, the Government is aiming at higher quality of these products, not just at a domestic level, but also at a global level.

The user base of 5G in India has touched 12.5 crore, placing us in the third position globally. While addressing the IMC in October 2023, the Hon'ble Prime Minister stated that the rewards of such accelerated development and adoption of digital infrastructure should be democratic, with every section of society standing to benefit from progress. On that note, the Prime Minister awarded 100 "5G Use Case Labs" to educational institutions across the country, in order to allow the youth to make use of this cutting-edge technology to make a positive impact on the Indian Economy.

The aim of "100 5G Use Case Labs" is to realize the opportunities associated with 5G technology, by encouraging the development of 5G applications, which cater to India's unique needs and global demands. In addition to that, this unique initiative is expected to foster innovation across various socioeconomic sectors, and propel the country into the forefront of usage of 5G technology.

While use cases of 5G are still evolving, India is likely to benefit in certain areas based on use cases outlined by companies in this ecosystem, some of which are - provision of high-speed broad band including rural areas, especially using Fixed Wireless Access (FWA), as it provides a flexible and cost-effective solution to connect sparsely populated areas. Smart classrooms with immersive lessons and trainings through virtual delivery of education in urban and rural areas with Augmented Reality and Virtual Reality. Monitoring crops, pesticide optimization and precision agriculture with smart sensors in farmlands to get round-the-clock data on conditions. 5G-enabled telemedicine to improve access to good quality of healthcare. Smart manufacturing through automation and control, predictive maintenance, tracking of logistics from flow of material to delivery of finished goods.

Though 5G's coverage has risen at a quick pace in India, the Government is looking to catalyse the next-generation 6G research and innovation in the country to enable India to be a front-line contributor in 6G technology and manufacturing by 2030. As a matter of fact, Ericsson has already announced the launch of its 'India 6G' program with the formation of an India 6G Research Team in its Chennai R&D Centre. All these developments involving industry, start-ups, academia, research laboratories, standardisation bodies and the Government, are aimed to make India not just atmanirbhar, but a significant contributor to the global good.

Shares of HDFC Asset Management Company Limited was last trading in BSE at Rs. 2729.40 as compared to the previous close of Rs. 2724.95. The total number of shares traded during the day was 10727 in over 1252 trades.

The stock hit an intraday high of Rs. 2778.00 and intraday low of 2725.85. The net turnover during the day was Rs. 29547526.00.

Click here to send ur comments or to

Disclaimer:The article above is a gist / extract of the original report prepared by the research firm / brokerage firm. This article is not to be considered as an offer to sell or a solicitation to buy any securities. This article is meant for general information only., its employees or owners or the research firms, its employees or owners won't be responsible for any liability that may arise from information, errors or omissions in these articles. or its employees or owners / the research firms or its employees or clients or owners may from time to time hold positions in securities referred in this article. For detailed research reports, please contact the concerned research firm directly.

Other Headlines:

CRISIL Ratings: Steady demand to power up revenue of battery makers by 10-11%

Elevated gold prices to restrain jewellery consumption growth to 6-8% in FY2025: ICRA

Elara Securities India - Diet Report - Ambuja Cements - Cash deployment starts

Kotak Institutional Equities - Consumer Staples: Month in review: May 2024

Elara Securities India - Banking & Financials - Retail loans to MFI borrower a risky affair - Sector Update

Kotak institutional Equities - Real Estate: Hitting the Billion Mark

CRISIL Ratings: Tide turns for ship recyclers, revenue seen rising ~15% this fiscal

Elara Securities India - Diet Report - Media & Entertainment - Wait turns longer for occupancy revival

Elara Securities India - Economics - India: CPI inflation continues to ease

Kotak Institutional Equities - ESG, Global carbon pricing trends 2023: Needs more ambition

Kotak Institutional Equities - Economy: Inflation remains steady in May

Kotak Institutional Equities - Strategy: NTPC and PWGR are neither growth nor value stocks

Elara Securities India: Automobiles - Tata Motors - Aggressive PV market share target - Company Update - Accumulate - TP: INR 1,100 - Upside: 11%

Finance Companies - Gold lending in the spotlight - Report by InCred Equities

CRISIL Ratings: Revenues of shrimp exporters to grow 8-10% as demand improves

Elara Securities India: Utilities & Renewables - Peak demand ascends to record highs - Monthly Update

Tata Motors - Analyst meet highlights - REDUCE - Maintained - Report by InCred Equities

Kotak Institutional Equities - Pharmaceuticals: IPM pulse - gaining momentum

Elara Securities India - Metals & Mining - Input cost inches up - Monthly Update

CRISIL Ratings: Paints sector to double production capacity by fiscal 2027

Elara Securities India-Economics - India: Smooth sailing into H2CY24

Kotak Institutional Equities - Insurance, NoP drives APE growth for private players

Financial Services - AMCs - Election month propels equity fund inflow - Report by InCred Equities

Kotak Institutional Equities - Strategy: Fight, flee or join a stampede?

Elara Securities India - Utilities - PTC India - Trading volumes up by 10% in Q4 - Q4FY24 Update - Reduce - TP INR 207 - Upside: 1%

Kotak Institutional Equities - Economy: Coalition journey: Long travails ahead

Kotak Institutional Equities - IT Services: CTSH-big bet in core engineering services

Elara Securities India - Initiating Coverage - Infrastructure - Hindustan Construction - Phoenix Rises - Buy - TP INR 63 - Upside: 65%

Elara Securities India - Real Estate - Oberoi Realty - Low-risk compounder - Company Update - Buy - TP: INR 2,350 - Upside: 24%

Elara Securities India - Diet Report - Aviation - INDIGO: lagging fleet growth vs rivals

Elara Securities India - The IT Inflexion Point - Market Internals with Biju Samuel - Quantitative & Alternate Strategy

Elara Securities India - Economics - RBI Policy: Nascent rate cut discussions

Elara Securities India-Diet Report - Internet - JioMart to enter qCommerce - execution is key

Elara Securities India-India Strategy - Exit Polls: Doubt over long term sustainable rally

FY2025 domestic steel consumption growth revised upwards to 9-10%: ICRA

Elara Securities India-Strategy - Q4FY24 Review - Ending FY24 on good note

Elara Securities India-Banking & Financials - Services lifts growth; unsecured growth softens - Sector Update

Elara Securities India-Healthcare - Apollo Hospitals Enterprise - New beds impacting margin - Q4FY24 Update/Rating Change - Accumulate - TP INR 6,183 - Upside: 6%

Elara Securities India-Economics - India GDP: Upside surprise continues

Elara Securities India-Banking & Financials - Rules-based credit model shows vulnerability - Sector Update

Elara Securities India-Oil & Gas - Gujarat Gas - Play on LNG surplus, rise in propane prices - Company Update - Buy - TP INR 745 - Upside: 35%

Elara Securities India-FMCG - Mrs Bectors Food Specialities - New capacity and innovation, key drivers - Q4FY24 Update/Rating change - Accumulate - TP INR 1,414 - Upside: 12%

Kotak Institutional Equities - Diversified Financials: Regulating retail F&O: Global learnings and potential options

Kotak Institutional Equities - Automobiles & Components: 4QFY24 review - Sustaining momentum

Strategy: Exit polls 2024: No Drama by Kotak Institutional Equities

Elara Securities India - Global Liquidity Tracker: Inflows into India Dedicated Largecap funds continued ahead of Election results. China flows again turn weak

Elara Securities India-Banking & Financials - Attention - Still a lot on RBI's radar - Sector Update

Indo Count Industries- Bumpy Quarter; Smooth Road Ahead - Share India Securities

Elara Securities India-Auto Ancillaries - Amara Raja Energy & Mobility - All eyes on tech partner for Li-ion cells - Q4FY24 Update/Target price change - Accumulate - TP INR 1,341 - Upside: 13%

Flair Writing Industries Ltd - Steady margins in competitive industry - Share India Securities

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020