In the next two years, the majority of Indian users are predicted to be using 5G handsets, forecasts analysts.
What Happened? Speaking to the Economic Times, analysts pointed out that the transition to 5G technology is progressing rapidly in India. This development will enhance the digital experiences of a significant portion of the Indian population and boost the country’s digital economy.
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India’s ongoing digital transformation, poised to revolutionize sectors like IT, real estate, and finance, is rapidly embracing 5G technology. The country’s robust IT infrastructure and the government’s commitment to digitalization are fueling this digital shift.
More good news? The transition to 5G handsets is also likely to drive the growth of domestic IT hardware manufacturers such as HP, Dell, and Lenovo. This development will enhance the digital experiences of a significant portion of the Indian population and boost the country’s digital economy.
This news is a positive development for Indian equities, as the growth of the 5G market is likely to fuel the next leg of the rally in the stock market. However, the exact impact will depend on various factors, including US interest rates, bond yields, and the performance of the dollar.
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