According to the Telecom Regulatory Authority of India (TRAI) and the Federal Communications Commission (FCC), the Indian telecom industry needs a light touch regulatory environment to encourage investments and innovation, especially in the 5G context.
Further, the two regulatory authorities are also of the view that security of networks is also of critical importance.
TRAI has further said that the country’s policies, the existing licensing regime and regulatory environment should be evolved in order to extract maximum benefits from 5G.
TRAI has iterated that 5G provides seamless coverage, low latency and high-density internet of things (IoT) applications and highly reliable and mission-critical applications. The regulatory body further noted that the economic impact of 5G is expected to be around $1 trillion by 2035.
