What impact does 5G have on society?

‘Make in India’ Hardware Challenge: The ban on certain foreign telecom OEMs (original equipment manufacturer) upon which most of the 5G technology development depends, presents a hurdle in itself. High Spectrum Pricing : India’s 5G spectrum pricing is several times costlier than the global average.

5G will have to define the uncertainties related to security threats including trust, privacy, cybersecurity , which are growing across the globe. Legislation of Cyberlaw − Cybercrime and other fraud may also increase with the high speed and ubiquitous 5G technology.

The key functional drivers of 5G will unlock a broad range of opportunities, including the optimization of service delivery, decision-making, and end-user experience . This will result in $13.2 trillion in global economic value by 2035, generating 22.3 million jobs in the 5G global value chain alone.