"5G is powering exciting possibilities and creating never-seen-before opportunities for people and businesses. Its launch in the country will also play a key role in realising the government’s Digital India vision," Ericsson said in a statement.

Vaishnaw said, “We are going to set up 100 5G labs across the country. I request the telecom industry to come together and convert at least 12 of these 100 labs into telecom incubators to train students and do experiments."

There has been a significant rise in the demand for 5G smartphones in the market with a number of buyers looking for the best models to buy. According to analysts, 5G smartphones garnered 18 percent market share in 2021 and are expected to attract 40 percent share of all 5G smartphone shipments for the year 2022, Business Insider reported. Along with the essential set of features, 5G smartphones offer 5G support which makes them ready for next-generation connectivity. Those who are looking to buy 5G smartphones under Rs 20000 can look at brands like Poco, Redmi OnePlus, Motorola, and Samsung. Here's a list of the best 5G smartphones under Rs 20,000 that were launched within the last 18 months, and are currently available to buy in India.

Sales of nonfungible tokens dropped sharply in the third quarter, according to blockchain tracker DappRadar, as crypto investors hunker down for a "crypto winter" and demand for the highly speculative digital assets shows little sign of returning.