India's telecom and network equipment sector could double GDP share, but needs urgent policy support: NITI Aayog
New Delhi, Aug. 17 -- While India's telecom and network equipment (TANE) sector has strong growth potential, heavy import dependence, especially on China--underscores the need for urgent policy support to boost domestic manufacturing and exports that will likely double the sector's GDP share and position India as a USD 50 billion export hub by 2035, according to a NITI Aayog report.
The TANE ecosystem forms the backbone of modern global connectivity; however, the sector stands at a critical juncture with sharp trade imbalances underscoring an urgent need for targeted intervention. As per the report, the sector has the potential to drive the National Telecom Policy 2025 (NTP-25) goals of universal connectivity, double GDP contribution ach...
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