The telecom industry in India is the second largest in the world with a subscriber base of 1.17 billion.
India's 5G subscriptions is likely to touch 350 million by 2026, accounting for 27% of all mobile subscriptions. India ranks 2nd in "International mobile broadband internet traffic and International Internet bandwidth.
Under the Union Budget 2023-24, the Department of Telecommunications was allocated Rs. 97,579.05 crore (US$ 11.92 billion). Of this, US$ 48.88 million (Rs. 400 crore) is for Research and Development.FDI inflow in the telecom sector stood at US$ 39.02 billion between April 2000-December 2022.
Tele-density stood at 84.51%, as of March 2023, total broadband subscriptions grew to 846.57 million until March 2023.
The contribution of 2G, 3G and 4G data usage to the total volume of wireless data usage was at 0.14%, 0.93% and 98.93%.
The total number of internet subscribers reached 865.90 million in October-December 2022. The wireless segment accounted for 96.25% (i.e. 833.49 million) of the total telephone subscriptions in the current financial year.
Over the next five years, rise in mobile-phone penetration and decline in data costs will add 500 million new internet users in India, creating opportunities for new businesses in the Telecommunications sector in India.