India has one of the largest mobile telephony network in the world. Mobile subscription penetration in India is set to cross 100% mark in 2023 from 88.3% in 2020, driven by growing smartphone adoption and increasing coverage of 4G- long-term evolution (LTE) services across remote areas, according to leading data and analytics companies.
A recent report reveals that the impact of the COVID-19 pandemic on the mobile sector has been relatively mild and mobile service revenues will grow at a 9.1% compound annual growth rate (CAGR) over 2020-2025, primarily driven by growth in the mobile data services segment.
Mobile data service revenues are set to grow at a robust CAGR of 18.3% during 2020-2025, with rising adoption of 4G data-centric plans to support growing consumption of online video content over smartphones.
Prime Minister Narendra Modi delivered inaugural address at the “India Mobile Congress” (IMC) 2020 through video conference. The theme for IMC 2020 is “Inclusive Innovation – Smart, Secure, Sustainable”. It aims to align to the Prime Minister’s vision to promote ‘AatmaNirbhar Bharat’, ‘Digital Inclusivity’, and ‘Sustainable development, entrepreneurship & innovation’. It also aims to drive foreign and local investments, encourage R&D in the telecom and emerging technology sectors.
Addressing the event, the Prime Minister gave a call to work together to make India a global hub for telecom equipment, design, development and manufacturing. He cautioned, due to technological upgradation, we have a culture of replacing handsets and gadgets frequently. He asked the delegates to ponder whether the industry can form a task-force to think of a better way of handling the electronic waste and create a circular economy. He urged to work together to ensure a timely roll-out of 5G to leapfrog into the future and empower millions of Indians.
The Prime Minister said it is important to think and plan how to improve lives with the upcoming technology revolution. He added that better healthcare, better education, better information and opportunities for our farmers, better market access for small businesses are some of the goals that can be worked on.
Prime Minister Narendra Modi lauded the delegates from the telecom sector for keeping the world functional despite the pandemic due to their innovation and efforts. He added that due to their efforts, a son was connected with his mother in a different city, a student learnt from his teacher without being in the classroom, a patient consulted his doctor from his home and a trader connected with a consumer/ from a different geography.
The Prime Minister said for a lot of young techies it is the ‘Code’ which makes a product special, for some entrepreneurs it is Concept which matters more, investors suggest that Capital is more important to scale a product. He stressed that often what matters the most is the Conviction the youngsters have on their product. Sometimes conviction is all that stands between just a profitable exit and making of a unicorn.
Prime Minister Modi stressed that it is because of mobile technology that we are able to provide benefits worth billions of dollars to millions of Indians, we were able to help the poor and vulnerable quickly during the pandemic and we are seeing billions of cashless transactions which boost formalisation and transparency and we will also enable a smooth contactless interface on toll booths.
The Prime Minister expressed satisfaction on achieving success in mobile manufacturing in India. He said India is emerging as one of the most preferred destinations for mobile manufacturing. He added the Production Linked Incentive scheme was introduced to promote telecom equipment manufacturing in India. He said that the Government aims to bring high speed fibre-optic connectivity in every village over the next three years. He said that towards this end, focus is made exclusively on places which can make the best out of such connectivity – Aspirational Districts, Left wing extremism affected districts, North-Eastern states, Lakshadweep Islands etc. Mr. Modi added that greater spread of fixed line broadband connectivity and public Wi-Fi hotspots will be ensured.
Script: Kaushik Roy; AIR: News Analyst