Indigenously-developed 5G and 4G telecom technology stack will be rolled out in the country this year and the platform will be offered to the world from next year, Union telecom minister Ashwini Vaishnaw said on Monday. Vaishnaw said that only five countries in the world have end-to-end 4G-5G telecom technology stack but now with the public-private partnership, India has developed its own technology which has been tested to handle 10 million simultaneous calls.
Vaishnaw was addressing the B20 India inception meeting.
The minister also elaborated on four broad approaches directed towards economic management, digital economy, regulation in digital economy and development of new technology that India has taken under the leadership of Prime Minister Narendra Modi to help solve some of the pressing problems.
Referring to the Covid-19 pandemic and its impact, Vaishnaw said in the last two years the world has seen a very turbulent period. He said that as the pandemic struck, the whole world kind of stopped, the economy came to a grinding halt and the classic response in many economies was to give a classical fiscal stimulus.
The minister said that in contrast to the fiscal stimulus-driven approach, the Prime Minister of India took an approach that was very focused on consumption and a large part of the fiscal space was allocated towards investment.
He said that for digitalisation, the Prime Minister took a different approach where India built a system, a digital ecosystem in which the monopoly of any big tech doesn’t come in.
He said that the Prime Minister has taken an approach to use public funds to create a robust platform and let everybody join that platform.
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