Airtel Set to Soar with India’s $35 Trillion 2047 Vision: Sunil Mittal Reveals Big Growth Opportunities

India’s goal of becoming a USD 35 trillion economy by 2047 presents Airtel with significant growth opportunities, according to Chairman Sunil Mittal. He emphasized that 5G will be crucial in accelerating India’s digital growth, and Airtel is dedicated to leading this transformation in collaboration with policymakers and other stakeholders. India’s digital push has made it unique in efficiently delivering public services and goods, and the telecom industry’s role as an economic driver is expected to grow.

Annual Report

In Airtel’s latest annual report, Mittal stated, “As India moves towards the ambitious goal of being a USD 35 trillion economy by 2047, your company will have tremendous opportunities for growth and new avenues of business.”

He expressed confidence that Airtel will continue to be a leader in India’s digital transformation. Mittal highlighted that Airtel has invested over USD 50 billion to build a digital network that provides secure and reliable solutions for individuals and businesses.

Over the past year, India saw strong digital growth driven by higher internet usage, widespread adoption of digital public goods, and increased online activities.

Digital Public Infrastructure (DPI)

The country’s Digital Public Infrastructure (DPI) gained global attention for its wide adoption and cost-effectiveness. “The digital economy of India today contributes about 11 percent of the country’s GDP, underlining the commitment from various stakeholders, including the private sector, in ensuring that India achieves its vision of a USD 1 trillion digital economy at an exponential pace,” Mittal said.

Growth in Economy

The Indian economy grew steadily at 8.2 percent, outpacing many major economies and remaining the world’s fastest-growing economy. Mittal noted that this growth was supported by progressive reforms, strong domestic demand, and increased infrastructure investment.

He described FY24 as a year of significant investments for the telecom industry, with rapid 5G deployment across India. Airtel’s decision to use a non-standalone network architecture for 5G proved successful in terms of customer experience, network quality, and efficient capital use.

Mittal concluded that continued investment in key sectors like manufacturing, logistics, and infrastructure will encourage private-sector participation and drive economic growth.