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Admin Reporter- Pooja

Dec 06 2018


$100 billion investment in telecom to add $1.2 trillion to India's GDP: Report

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. 

"These are significant impacts and yet could be underestimated given that penetration of internet is still below international levels," it added. 
 

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