Union Budget, 2022: FM Mentions Of 5G Spectrum Auction In 2022

In the Union Budget 2022-2023, FM Nirmala Sitharaman provides an outline for the Indian telecom sector. She indicates a 5G spectrum auction this year.

Earlier, the Economic Survey, 2022 mentioned, "In addition to the expansion in the telecom infrastructure, a number of measures have been taken to bring about structural and procedural reforms. In the backdrop of the outstanding performance of the telecom sector in meeting COVID-19 challenges and with a huge surge in data consumption due to online education, work from home, interpersonal connect through social media, virtual meetings, etc., the reform measures will further boost the proliferation and penetration of broadband and telecom connectivity. The reforms are also expected to boost 4G proliferation, infuse liquidity and create an enabling environment for investment in 5G networks."

Expecting this move for the telecom sector, Vikash Jain, Managing Director and Senior Partner, Boston Consulting Group, told media, "5G in telco, digital media and manufacturing are other big themes that are playing out which will all require support and enabling policy framework to ensure this sector continues to play a pivotal role in India's transformation story."