ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -India is expected to have a digital economy of $1 Tn by 2025. The Telecommunications industry is divided into following subsectors: Infrastructure, Equipment, Mobile Virtual Network Operators (MNVO), White Space Spectrum, 5G, Telephone service providers and Broadband.

Detailed explanation-2: -Texas-based corporation, AT&T, is the largest telecommunications operator in the world based on revenue in 2020. The company employed over 230, 000 people in 2020 and announced a worldwide.

Detailed explanation-3: -Interest rates, inflation, and taxes affect the telecommunication industry. Expenses affect the pricing per plan offered to customers too. It’s expensive to build towers and resources in rural areas. Customers who don’t live in big cities are affected.

Detailed explanation-4: -By 2025, India’s digital economy is anticipated to be worth $ 1 trillion. The telecom sector in India is the third largest sector in terms of Foreign Direct Investment (FDI) inflows and accounts for 6.44% of all FDI inflows. It supports 2.2 Mn jobs directly and 1.8 Mn jobs indirectly.