$100 billion investment in telecom to add $1.2 trillion to India’s GDP.
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 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.
Fill out the form and a member of our team will get back to you shortly.Usual response time 1-2 hours.
"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."
It is critical therefore for states across India to leverage it to ensure greater direct and spill-over benefits, she added.
Article Source : economictimes.indiatimes
Up to 15% Returns on Investment
Fixed return investments fully backed by properties.
*15% p.a. paid at the end of the term on capital gain option*
Submit your email address and a member of our team will contact you shortly. Usual response time is 1-2 hours.
Restraining the Thai Baht As scepticism grows amongst other World Economies Thailand’s Central Bank is in a direct discussion on how to lessen the dramatic upsurge in the Thai Baht just as the rest of the world keeps a watchful eye for signs of unfair currency...
ETA - Client Alert | Hotel Operators Thailand's National Council for Peace and Order (NCPO) issued Order No. 6/2562 on 12 June 2019, to temporarily suspend the enforcement of town planning and local building control regulations on specific buildings that are used for...
ETA | Rental Guarantee Feasibility ReportWe are confident enough in our product not only to secure your principal amount invested with a freehold title deed but to pledge further assets giving security to both the returns and any “Buyback Guarantees.”Hereʼs why!!We...
UP TO 15% PER YEAR FIXED RETURN
3 year investment plan, ideal for first-time investors.
Flexible Payment Options
Option to receive interest payments monthly or quarterly.