Summary:

According to TRAI, the Indian telecom sector expanded significantly in fiscal year 2024. Teledensity rose from 84.51% to 85.69%, while telephone subscriptions increased by 2.30%. Internet subscribers grew from 88.1 crore to 95.4 crore, driven by a 9.15% rise in broadband services. Wireless data consumption also surged by 21.69%, demonstrating the sector's extraordinary growth.

The report highlights that the average minutes of usage (MOUs) per subscriber increased by 4.73%, from 919 in 2022-23 to 963 in 2023-24. Financially, the sector's Adjusted Gross Revenue (AGR) rose from $30.03 billion in 2022-23 to $32.50 billion in 2023-24, representing an 8.24% increase. This report is an invaluable resource for stakeholders and analysts.

Source: IBEF

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