According to a report by Institute for Competitiveness, there has been an unprecedented upsurge in data consumption in the country after Jio's entry
Mukesh Ambani led Reliance Jio's entry in the telecom sector changed dynamics of the industry completely. With triggering price war to low-cost 4g handsets, Jio has given alternatives to its customers creating a neck and neck competiton in the sector.
Since its entry in the telecom sector, Ambani's Reliance Jio is creating records and now a report has claimed that Jio's launch in India has helped the country in saving Rs 60,000 crore annually.
According to a report by Institute for Competitiveness, there has been an unprecedented upsurge in data consumption in the country.
IFC (Institute for Competitiveness) report stated that within just six months Reliance Jio has made India, the highest mobile data user in the world. With Jio's entry, Indians consumed over 1 billion GB of data every month compared to 200 million GB earlier, claimed the report.
“Merely by reducing data prices even the most conservative estimates show that due to Jio’s entry the annual financial savings to the consumer has been to the tune of Rs 60,000 crores,” the report said.
The yearly savings of the entire economy due to a rise in affordability of data prices comes out to be Rs $10 billion, IFC mentioned.
The report further mentioned that after Reliance Jio's launch, India has dethroned US in app downloads, making it second only to China.
The most recent estimates of the Jio network show that its users on an average consume almost 10 GB of data, 700 minutes of voice and 134 hours of video every month. Such levels of digital consumption were unprecedented a year and a half ago,” the report said.
According to IFC, Jio will help expand India’s per capita GDP by about 5.65%, if everything else is kept constant in the economy. The effect of GDP growth due to higher internet penetration, it said, will not just be a contribution of the telecom sector but also various externalities arising out of the internet economy.
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 "Here's how Reliance Jio's entry in telecom sector will help expand Indian economy")
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