India’s telecom sector is experiencing rapid growth, driven by government policies and increasing internet penetration, positioning the country as a global digital leader
$3.15 Bn
Telecom equipment and accessories exported in 2023
#4
Largest sector in terms of attracting FDI, attracted inflows worth $39.99 Bn since April 2000
30.54%
Growth in average monthly data consumption per wireless data subscriber since 2014, from 61.66 MB in 2014 to 18.4 GB in 2024
By December 2024, broadband subscriptions surged to an impressive ~945 Mn, showcasing the sector’s remarkable expansion and contribution to digital connectivity. The Department of Telecommunications (DoT) is actively working towards bridging the digital divide, as evidenced by its commitment to providing high-speed internet access to all villages by 2024, as outlined in its booklet. Moreover, with projections indicating that India is on track to exceed nearly 1 Bn internet users by 2025, as reported by the Indian Business Support Unit, the significance of the telecom sector in driving digital inclusion cannot be overstated.
$450 Mn – Total investment committed by the approved 42 applicants under the PLI scheme for Telecom and Networking Equipment with expected incremental sales of $32 Bn
A population of over 1.4 Bn people and a rapidly increasing internet penetration rate, the demand for telecom services is bound to increase
Sector’s growth is closely linked with the country’s thriving and expanding digital economy
Substantial advancements, including the fastest rollout of 5G networks
Schemes like 100% FDI allowed under the automatic route, PLI for Telecom and Networking equipment, reduced license fees and spectrum liberaliSation
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