India’s ambitious goal of becoming a US$ 35 trillion economy by 2047 presents significant growth opportunities for Airtel, according to Chairman Mr. Sunil Mittal. He highlighted the critical role of 5G in advancing India’s digital landscape, asserting Airtel’s commitment to leading this transformation and collaborating with policymakers and stakeholders to achieve this monumental goal. Mr. Mittal emphasized that India's progress in digitization has set it apart globally in delivering public services and goods efficiently, underscoring the telecom industry's growing importance as an economic multiplier.

Mr. Mittal expressed confidence in Airtel’s continued leadership in India's digital transformation, supported by its substantial US$ 50 billion investment in creating a secure and reliable digital infrastructure. This year, India saw substantial growth in digitalization, driven by increased internet penetration and the adoption of Digital Public Goods. The country’s Digital Public Infrastructure (DPI) has gained international recognition for its effectiveness and mass adoption. He also pointed out that the digital economy now contributes about 11% of India’s GDP, reflecting a strong commitment from various sectors to achieve a US$ 1 trillion digital economy.

The Indian economy grew by 8.2%, maintaining its position as the world’s fastest-growing economy, supported by progressive reforms, robust domestic demand, and strategic infrastructure investments. Mr. Mittal described FY24 as a year of accelerated investment, noting that Airtel’s decision to deploy 5G on a non-standalone network architecture has proven beneficial in customer experience and network quality.

Airtel's strategic investments in 5G technology are not only enhancing connectivity but also empowering various sectors to leverage advanced digital tools. The rollout of 5G technology is expected to drive innovations across industries such as healthcare, education, and manufacturing, leading to increased productivity and economic growth. The telecom sector is playing a pivotal role in shaping India's future, with Airtel at the forefront of this transformation.

Moreover, the focus on Digital Public Infrastructure (DPI) is creating a robust foundation for the digital economy. DPI includes initiatives such as the Unified Payments Interface (UPI), Aadhaar, and DigiLocker, which are enabling seamless and secure digital transactions and services. The mass adoption of these platforms is driving financial inclusion and enhancing the efficiency of public services.

Airtel's commitment to the "Make in India" initiative is further strengthening its position as a key player in the country's digital ecosystem. The company is investing in local manufacturing and research and development, fostering innovation and creating job opportunities. By collaborating with startups and technology companies, Airtel is nurturing a vibrant digital ecosystem that supports entrepreneurship and innovation.

In conclusion, Airtel's vision for India's $35 trillion economy by 2047 is anchored in its commitment to driving digital transformation through substantial investments in 5G and digital infrastructure. The company's efforts are not only enhancing connectivity and customer experience but also contributing to the broader economic growth of the country. With a strong focus on innovation, collaboration, and sustainable growth, Airtel is poised to play a crucial role in realizing India's ambitious economic goals.

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