India’s telecom and network equipment sector could double GDP share, but needs urgent policy support: NITI Aayog

New Delhi [India], August 17 (ANI): While India’s telecom and network equipment (TANE) sector has strong growth potential, heavy import dependence, especially on China–underscores the need for urgent policy support to boost domestic manufacturing and exports that will likely double the sector’s GDP share and position India as a USD 50 billion export hub by 2035, according to a NITI Aayog report.

The TANE ecosystem forms the backbone of modern global connectivity; however, the sector stands at a critical juncture with sharp trade imbalances underscoring an urgent need for targeted intervention.