The upcoming 5G technology will be an opportunity for the Indian telecom industry to expand its reach to global markets. Based on the Economic Review for 2018-19, it was stated that 5G technology is an opportunity to reach global markets while creating digital payment, knowledge and service economy. The government plans to make India 5G by 2020 and plans to conduct a spectrum auction to provide radiowave for 5G this year.
The review stated that 5G provides consumers with the opportunity to achieve benefits and services availability, medical aid, benefit transfer, education, entertainment and digital payments, building knowledge and services economy with citizens' economies of scale. Will do. The Telecom Regulatory Authority of India (TRAI) has cast its opinion on auctioning 8,644 MHz spectrum in eight signal bands.
In which these spectrum includes 800 MHz, 700 MHz, 3.4-3.6 GHz, 3.3-3.4 GHz etc. If we see their estimated base price, then it is Rs 4.9 lakh crore. In a joint study by ICRIER and BIF, it has been claimed that TRAI has offered higher value opinion. This is due to differences in the principle adopted by the regulator for calculating the base rate.
The survey on Thursday in Parliament said that, –
“For India, 5G offers the industry an opportunity to reach global markets.”
The 5G India 2020 Forum was formed on a large scale by the government. The purpose of this formation was to set a vision for 5G in the country. The forum submitted its report “Making India ready for 5G” in August 2018.
Seven committees were formed based on the vision of the Forum for 5G: Regulatory Policy, Spectrum Policy, Education and Awareness Promotion Program, Development of Application Layer Standards, Development of Application Layer Standards, Major Testing and Technical Performance and Participation in International Standards.