India will be able to become $5-trillion economy by 2027: Sunil Mittal

 Mittal said that according to him ,  India is the fastest growing and advanced country in the world as far as telecom is considered.  

India will able to become $5-trillion economy by 2027, Bharati Enterprises founder and Chairman Sunil Mittal said on Saturday. 

He said it while speaking at a conclave on 9 years of the Narendra Modi government ,  Mittal said businesses in general require a very decisive leadership and India after a long time not only has a government with full majority but also a leader who is a recognized as a global leader.

“This country has clearly moved to a additional $1.4 trillion taking us to $3.5 trillion and I think the audacious target of $5 trillion, which couple of years ago would have looked a difficult one to accomplish, is now clearly in sight and I think by 2027 we should be able to achieve it," Mittal said. 

He said that he personally experienced the change in last five years .Mittal said that India, according to him, is the most advanced country in the world as far as telecom is concerned. 

"My generation grew up in the age of very deep and long shortages of telecom and connectivity to a point today where the deepest and remotest part of the country is using smartphones.

"We moved very quickly from technology shifts. India now has the fastest 5G roll-out in the world. By 2024 March India will have 5G connectivity across the country," Mittal said.

India has setup a 2 lakhs base station for the 5G services within 8 months of launch of the service and also Mittal said that even people in the remote places also now have mobile phones, radio connection and dth tv connections .  

“This to my mind is the power of technology which this government has used to its utmost power to usher in reforms and benefits for the masses. I am very proud that we are part of the industry which is a great enabler for economic growth. Today telecom services give 1-1.5 per cent additional GDP growth to this country," Mittal said.

He said that the telecom services enabled e-commerce, online banking, remittance of payments in rural areas, healthcare and now with the help of 5G there will be roll-out of many services such as drone management and other advanced technologies.