5G services in India: 5G is not only going to increase the speed of data in the future, but also jobs in telecom and other related sectors. According to the report, along with the proliferation of new technologies, companies in the technology and telecom sectors plan to increase the pace of new hiring and many technology-related sectors may see a large number of jobs in the coming years.
5G has been launched in India
A large number of companies in India believe that the implementation of 5G will bring about a revolutionary change in the world of employment and open up immense potential for talent in the country’s technology sector. This is stated in a report. According to a report by Teamlease Services, more than 80 percent of companies believe that 5G technology will open up huge opportunities for job creation and skill enhancement in the information technology (IT) and banking and financial services sectors. Staffing company Teamlease’s report titled ‘Launching 5G in India: Revolutionizing People’s Supply Chain’ is based on responses from 247 companies. These companies were asked about the impact of 5G on the ecosystem and job creation.
Need for skill development
Karthik Narayan, Chief Executive Officer (CEO) – Staffing, TimLease Services said, “With the significant investment of Rs 12,000 crore Production Linked Incentive Scheme (PLI) in the telecom sector, we are positive about job creation and efficiency improvement in the sector. 25 percent of the PLI scheme is for employment generation only. He said it will help harness the potential of 5G, create employment opportunities, drive innovation and shape a transformative future.
5G technology will bring boom in these sectors
The report states that 5G implementation will have a significant impact on industries. These include BFSI, education, gaming, retail and e-commerce sectors. According to the report, 46 percent of companies surveyed believe that 61 to 80 percent of jobs will be created in the first year after 5G implementation. It is said that 5G technology will help create jobs not only in the first year but also in the next few years. 41 percent of companies believe that 5G implementation will impact job creation by more than 80 percent over the next three years. (including language input)
