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Eco Survey: Telecom reforms to stimulate liquidity and create an enabling environment for 5G investment

Eco Survey: Telecom reforms to stimulate liquidity and create an enabling environment for 5G investment

NEW DELHI: According to Economic Survey 2021-22, telecom sector reforms are expected to increase 4G proliferation, infuse liquidity, and create an enabling climate for investment into 5G networks. According to the Economic Survey presented in Parliament on Monday, the reform measures will increase penetration and proliferation of broadband and telecom connectivity in the wake “outstanding performance”, according to the sector.
The survey revealed that in addition to expanding the telecom infrastructure, a number of reforms have been undertaken. It outlines the structural and procedural reforms implemented in India’s telecom sector, which is the second-largest telecommunications market in the world.
It said that reforms are also expected boost 4G proliferation, infuse liquidity and create an enabling climate for investment in 5G network networks.
Union Budget 2022: Complete coverage
A strong and responsive regulatory system has maintained service access at reasonable costs. The government took further steps to ensure fair competition among service providers to the benefit of consumers.
According to the survey, telecom is one the most important sectors that have an impact on the economic and social development of a country.
The same can be seen in key metrics like growth in total phone subscriber base, steady rise in internet subscribers, broadband connections, and other key metrics.
India’s telecom sector has become data-driven over the past few decades, as a result of reducing data costs due to fierce competition. This has further increased data usage.
An example of this is the average wireless data consumption in a gigabyte per user per month, which has risen to 14.1GB per month (Q1 FY22) from 1.24GB per person in Q1 Fiscal18.
The number of mobile towers has increased substantially to 6.93 lakhs towers by December 2021. This “reflects that the telecom operators have well realized the potential in this sector and seized the opportunity for building up an infrastructure that will be essential in supporting the government’s Digital India campaign”.
It stated that the BharatNet flagship project had laid 5.46 million km of optical fiber cable, and that 1.73 lakh Gram Panchayats, or GP, have been connected to Optical Fiber Cables (OFC). 1.59 lakh Gram Panchayats can be service-ready with OFC, as of September 27, 2020.
The aspirational District scheme will also give a boost to the telecom infrastructure, while the focus on submarine optical fibre cable infrastructure will encourage high-speed internet access and broadband connectivity.
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