India, the second-largest telecommunications market with a subscriber base of 1.20 billion has registered a revolutionary change in the entire telecommunication scene in the country. While it has registered strong growth in the past decade and a half, Indian mobile economy, a prominent part of the same, is growing rapidly and will contribute substantially to India's GDP.
In this widespread industry, there are various big, small and medium brands which are creating impact and some more than ever and this is eventually creating a lot of business opportunities that can be exploited from this famous industry.
The future of Telecomm industry in India seems to have a massive growth especially in terms of the revenues from the telecom equipment sector, several internet subscribers, and overall IP traffic along with the Indian Government's plans to develop 100 smart city projects, where IoT would play a vital role in the development of those cities.
First launched in 2016, Reliance Jio Infocomm Ltd has changed the face of the industry with large amounts of data and voice usage limits. This has eventually led to a period where there has been a huge spike in data usage and voice traffic and a sharp decline in consumer spends on telecom.
Various reports stated how the usage increased and the stats like new data subscribers being doubled in a certain amount of time, the share of customers using 3G and 4G services rose by 40% approx. in three years, voice usage per customer nearly doubling to about 700 minutes per user per month according to the report, Well, this sums up as good for the customers, while the revenues and profits of Jio's competitor brands rose.