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World Bank funds forest projects worth $225.5 mn in Northeast
November 27, 2024
|The Business Guardian
India's 5G adoption is set for explosive growth, with subscriptions projected to reach 970 million by 2030, as highlighted in the latest Ericsson Mobility Report.
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The 5G (fifth generation) subscriptions in India are projected to reach approximately 970 million by the end of 2030, accounting for 74 percent of mobile subscriptions, according to the Ericsson Mobility Report.
The report stated that 5G subscriptions in India are expected to surpass 270 million by the end of 2024, representing 23 percent of the total mobile subscriptions.
However, the report noted that 4G continues to dominate, currently accounting for 54 percent of total mobile subscriptions.
Driven by strong 5G adoption, 4G subscriptions are forecast to decline from 640 million in 2024 to 240 million by 2030, contributing around 18 percent of total mobile subscriptions.
India has achieved large-scale mid-band deployments and is anticipated to reach approximately 95 percent population coverage by the end of 2024, the report highlighted.
5G services were launched on October 1, 2022, by Prime Minister Narendra Modi at the India Mobile Congress.
The report also noted that the number of smartphone users utilizing Generative AI (GenAI) apps is expected to grow significantly over the next five years.
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