Indian Telecom Sector Showcased Exceptional Growth During FY2024

The Indian telecom sector experienced significant growth during the financial year 2023-2024, as detailed in the annual report released by the Telecom Regulatory Authority of India (TRAI). The report, based on data provided by service providers, reveals notable trends and key metrics across various services.

Key Highlights

1. Overall Tele-density: Tele-density rose from 84.51% at the end of March 2023 to 85.69% at the end of March 2024, reflecting an annual growth rate of 1.39%.

2. Internet Subscribers: The total number of Internet subscribers grew from 88.1 crore in March 2023 to 95.4 crore in March 2024, marking an impressive yearly growth rate of 8.30%, with an addition of 7.3 crore subscribers.

3. Broadband Subscribers: Broadband services continued to expand, with subscribers increasing from 84.6 crore in March 2023 to 92.4 crore in March 2024. This growth rate of 9.15% represents a substantial addition of 7.8 crore broadband subscribers, underscoring the rising demand for high-speed connectivity.

4. Data Consumption: The number of wireless data subscribers rose from 84.6 crore to 91.3 crore, a yearly growth of 7.93%. Additionally, wireless data usage volume surged from 1,60,054 PB in 2022-23 to 1,94,774 PB in 2023-24, reflecting a robust yearly growth of 21.69%.

5. Telephone Subscribers: The total number of telephone subscribers increased from 117.2 crore in March 2023 to 119.9 crore in March 2024, showing a growth rate of 2.30%.

6. Average Minutes of Usage (MOUs): The average monthly MOUs per subscriber grew from 919 minutes in 2022-23 to 963 minutes in 2023-24, an increase of 4.73%.

7. Adjusted Gross Revenue (AGR): AGR saw an increase from ₹2,49,908 crore in 2022-23 to ₹2,70,504 crore in 2023-24, reflecting a growth rate of 8.24%.

This report highlights the ongoing expansion and increasing demand in India’s telecom sector, with substantial gains in subscriber numbers, data consumption, and revenue.

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