India is setting best practices in NTP 2018: Aruna Sundararajan

Image
Capital Market
Last Updated : Aug 04 2017 | 10:02 AM IST
India is not just following but setting best practices in many areas in terms of New Telecom Policy 2018, Ms Aruna Sundararajan, chairperson, Telecom Commission and secretary, Department of Telecommunications said at an ASSOCHAM event.

I think as we go in to the New Telecom Policy, we must remember, is part of a much larger vision that the PM and the government have articulated for India because India is attempting to do nothing short of charting a new digital strategy for growth, said Ms Sundararajan.

This is something where India is in many areas is actually ahead of the rest of the world, said the Telecom secretary.

She also said that NTP is going to be a key building block in achieving the vision to grow at about 10 per cent from current rate of about 7.6 per cent.

What is the set of policies that need to be put in place for us to be able to make that transition that is the larger question, said Ms Sundararajan.

She further said that while telecom which contributes about 6.5 per cent to the GDP (gross domestic product) is a huge market which is still tremendously under-penetrated and there is indeed scope to go up significantly.

But if we look at the larger digital pie as part of India's GDP, today Digital India contributes about 16.5 per cent to the GDP, which is absolutely not trivial from any perspective and it is expected that this may go up to 25 per cent, she said.

Talking about the trillion dollar digital economy, she said that it is almost 25 per cent of India's GDP which we are hoping will be enabled directly by these two sectors - telecom and IT.

Of the two, telecom is the underlying platform on which digital growth can happen, so it is extremely important to get the policy on this absolutely right said Ms Sundararajan.

She also said that providing affordable and quality internet and broadband for all must be the vision, so that every India is enabled to join the economic, political and social mainstream.

Thus it is important to ensure that the requisite investments flow in the telecom sector over next 10-15 years. For this she said it is also imperative to ensure a viable rate of return for industry, progress towards harnessing new technologies, spur innovation, build deep competencies, and accelerate domestic manufacturing and robust cyber security.

Hailing the very progressive and substantive reforms ushered in by the present government in the telecom sector over the last three years, she said For the first time India now has spectrum available, so that operators are able to step up service and coverage, there have been whole lot of initiatives around ease of doing business, trading, spectrum harmonisation, a number of measures have been taken, on BharatNet there has been very substantive progress, we have already reached optic fibre to one lakh Gram Panchayats and by the end of the year we hope that these Gram Panchayats will actually start delivering services and be lit.

Adding that on all these fronts, there has been good progress, Ms Sundararajan said, We see the new NTP as part of continuing ease of doing business, of building a Digital India towards achieving the larger vision of a prosperous India.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 04 2017 | 9:50 AM IST

Next Story