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Mobile industry to contribute 8.2 per cent to GDP by 2020: Govt report
Contribution of mobile industry to the country's GDP will increase to 8.2 per cent by 2020, a government report said.Contribution of mobile industry to the country's GDP will increase to 8.2 per cent by 2020, a government report said.The contribution of mobile industry to the country's GDP will increase to 8.2 per cent by 2020, a government report said today.
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Mobile industry to contribute 8.2% to GDP by 2020: Govt
NEW DELHI: The contribution of mobile industry to the country's GDP will increase to 8.2 percent by 2020, a government report said today.The joint report, released by the Department of Industrial Policy and Promotion and the Department of Telecom , said the industry contributes 6.5 percent to the GDP currently."The mobile industry in India, currently contributing 6.5 percent ($140 billion) to country's GDP, and employing over 4 million people (direct and indirect), is projected to grow rapidly in the coming years."By 2020, the industry is expected to contribute 8.2 percent to country's GDP," the report said.It attributed the projection to 'The Mobile Economy, India 2016' report of global telecom industry body GSMA.As per the previous data shared by former telecom Minister Ravi Shankar Prasad in Parliament in December, revenue generated by the telecom sector in 2014-15 was Rs 2,42,900 crore, accounting for 1.94 percent of total GDP.However, the ratio of revenue size and its contribution in terms of percentage to the GDP varies every year due to variation in the growth of economy, the minister had said.In 2011-12, the telecom sector accounted for 2.1 percent of GDP with revenue of Rs 1,85,930 crore, while in the next year it stood at Rs 2,07,498 crore (2.07 percent of GDP).The DIPP-DoT report said that the mobile industry will add 800,000 more jobs.
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Mobile Industry to contribute 8.2 percent to GDP by 2020
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