LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » India News

Expect India mobile sector to create $217 bn value by 2020:Min

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Wed, Sep 27, 2017
08:59 pm
PTI
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

Indian mobile industry is expected to create economic value of about USD 217 billion and create 5 million jobs by 2020, telecom minister Manoj Sinha said today.

"The Indian mobile industry is expected to create a total economic value of Rs 14 trillion, about USD 217.37 billion, by the year 2020. It would generate around 3 million direct job opportunities and 2 million indirect jobs during this period," Sinha said at EY-COAI TMT Leaders' Conclave.

The minister said that the telecom sector accounted for about 6.5 per cent to the national GDP, while it brought investment worth about USD 141.22 billion.

Telecom market is likely to grow by 10.3 per cent year- on- year to reach USD 103.9 billion by 2020, he said.

"The revenue of mobile handset industry rose 22 per cent to USD 21.12 billion in 2016 and it is expected that by 2017 around 200 million mobile handsets will be made out of India out of the 270 million mobile handsets to be shipped in the country," Sinha said.

Earlier in the day, Law and IT Minister Ravi Shankar Prasad told the conference that 100 companies in the field of mobile phones have started making their products in India and the country is emerging as a big hub for mobile manufacturing.

Sinha said that statistics related to Indian telecom sector is significant and telecom operators in the country are offering lowest tariff in the world.

"This is what drives the government's ambitious flagship Digital India Programme. It is Prime Minister Narendra Modi's vision and our effort to transform India into a digitally empowered society and knowledge economy," Sinha said.

Telecom Secretary Aruna Sundararajan said that India now has formula for future.

"We have first rate set of technology leaders and champions. Next big challenge would be to connect everything that is when huge value is going to unlock. We have only scracthed the surface. The future of Digital, telecom is huge in India," Sundararajan said.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

Google Maps improves discoverability in Indian languages

SBI Card MD and CEO Tewari resigns; appointed as SBI MD

FAUG Mobile Game: Check direct download link - Here is what Akshay Kumar wants gamers to do

FAU-G mobile game launched in English, Hindi and Tamil language | Check more details about the game here

Natural Gas is likely to come under GST ambit: SN Goel, Chairman, IEX

Proud moment! India's TCS becomes world's largest IT company, beats Accenture! Surpasses Reliance Industries market capitalisation

What''s stopping Billie Eilish from going to wild parties

Bitcoin slips below $30,000

Vir Das: Stand-up takes time, so when I act it must be an interesting role

India smartphone market falls 2 pc to nearly 145 mn units in 2020: Canalys

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved