The Indian Telecomm sector is growing massively with constant development in the technology. According to the study by ASSOCHAM-KPM, the telecom industry will produce more than 30 lakh new jobs all over the country by 2018.
The study claims that with the increasing demand in telecommunications like providing 4G internet at an economic price, use of smartphones and digital wallets, entry of new companies in competition to the existing ones, etc. The emerging technologies like 5G, Machine-to-Machine (M2M), and change in information and technology are expected to create 8.7 lakhs jobs to individuals by 2021, the study revealed.
The Telecomm industry continues to be demanding force for growth, innovation, and disruption across multiple technology industries. The survey said the existing human resources in the telecommunication industry wouldn’t be enough to cater the upcoming demand.
Recently, the government also took the initiative such as Skill India for providing sufficient manpower to the telecom industry. A council named Telecom Sector Skill Council (TSSC) is also set up to cater the skills needed for the industry. However, the telecom industry requires more skilled programmers to upgrade the existing manpower capabilities.
The study mentioned that due to the on going competition in the telecom industry is putting so much pressure on the operators. In India, the mobile data traffic is increased by 76% in 2016 due to increased smartphone penetration. There are 1.1 billion SIM connections in India, which is expected to grow to 1.4 billion by 2020.
Indian is placed second in mobile marketing in the world with 646 million unique subscribers. This is likely to add more than 300 million new unique subscribers by 2020, ASSOCHAM-KPMG study pointed. It also said, adding that the telecom sector’s contribution to GDP is likely to touch 8.2% by 2020.