Mobile industry vital for India to be $5 trn economy by 2025: K M Birla

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It has been reported that The mobile industry will play a “vital” role in India’s vision to be a USD 5 trillion economy by 2025, of which USD 1 trillion will be the contribution from the digital economy, Aditya Birla Group Chairman Kumar Mangalam Birla said on Wednesday.

Speaking at India Mobile Congress event, Birla asserted that a robust industry is necessary to invest and accelerate the achievement of Digital India vision, the company said.

The government has taken critical policy interventions over last few months, he noted and added that further steps in ease of doing business and support from the banking sector will “significantly enhance” the sector’s strength and ensure that India remains at the cutting edge of global technology trends.

“Going forward, I believe that the mobile industry will be vital in achieving India’s vision to be a USD 5 trillion economy by 2025, of which USD 1 trillion will be the contribution from the digital economy,” the company said. (business-standard)