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The number of 5G subscribers in India is expected to grow threefold to 970 million, accounting for 74 per cent of the total mobile customer base in the country by 2030, a report by telecom gear firm Ericsson said on Tuesday. According to Ericsson ConsumerLab research report, simultaneously Generative AI applications are emerging as a key driving factor for 5G performance. The Ericsson Mobility Report estimates 5G subscriptions in India to reach over 270 million by the end of 2024, accounting for 23 per cent of the total mobile subscriptions in the country. "5G subscriptions are expected to reach around 970 million by the end of 2030, accounting for 74 per cent of mobile subscriptions," Umang Jindal, Head of Network Solutions, Software and Performance, Southeast Asia, Oceania and India, Ericsson said. According to the report, global 5G subscriptions are expected to reach almost 2.3 billion by the end of 2024, amounting to 25 per cent of all global mobile subscriptions and 6.3 billi
India's app economy is expected to reach USD 791.98 billion by 2030, contributing 12 per cent to the country's estimated GDP of USD 6.59 trillion, a report commissioned by Broadband India Forum said on Friday. The report prepared jointly by ICRIER Senior Visiting Professor Rekha Jain and IIM Ahmedabad Professors Viswanath Pingali and Ankur Sinha is based on the assumption that the app economy will grow at the rate of 2.5 times the GDP growth as of 2030. The researchers defined app economy as the range of economic activities surrounding mobile applications including the development and sale of apps, in-app purchases, subscriptions, advertisements, public relations generated by free apps and the hardware devices and software on which apps are designed to run. "Our main conclusion is that by 2030, the amount of money spent on apps is likely to be around USD 800 billion. Given that the Indian economy is expected to be around USD 6600 billion, the app spending is likely to be around 12 p