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Sunil Mittal said India will become a $5 trillion economy by 2027

By 2027, India will have a GDP of $5 trillion, according to Sunil Mittal, founder and chairman of Bharti Enterprises. Speaking at a conference on the Narendra Modi administration’s nine years in office, Mittal asserted that companies generally need highly decisive leadership and that, for the first time in a long time, India not only has a government with a majority but also a leader who is acknowledged as a worldwide leader.

Sunil Mittal stated that the country has successfully added an additional USD 1.4 trillion, bringing the total to USD 3.5 trillion. He believes that the ambitious goal of reaching USD 5 trillion, which seemed challenging a couple of years ago, is now within reach. Sunil Mittal expressed his confidence in achieving this target by 2027, citing his personal experience of witnessing the transformation over the past five years.

According to Sunil Mittal, India is the most technologically advanced nation in the telecom sector.

Sunil Mittal
credit: economictimes

Sunil Mittal remarked that the preceding generation encountered profound scarcities in telecom services and connectivity, but he observed a transformative shift where smartphones are now prevalent even in the deepest and remotest corners of the country. Sunil Mittal emphasized the swift progress in technological transitions, highlighting India’s position as the global leader in the rapid deployment of 5G networks. He confidently stated that by March 2024, India will attain comprehensive 5G connectivity across the nation. Impressively, within a mere eight months of launching the service, India has successfully established a network of 200,000 base stations dedicated to 5G services.

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He asserted that telecom services facilitated e-commerce, online banking, remittance of payments in remote areas, and healthcare, and that the roll-out of numerous services, including drone management and other cutting-edge technology, will be made possible by 5G.

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Nivedita Bangari
Nivedita Bangari
I am a software engineer by profession and technology is my love, learning and playing with new technologies is my passion.

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