The latest annual report released by the Telecom Regulatory Authority of India (TRAI) reveals that the Indian telecom sector experienced significant growth during the financial year 2023-2024. Compiled from data provided by service providers, the report highlights key metrics and growth trends across various telecom services. The overall teledensity in India increased from 84.51 per cent to 85.69 per cent, reflecting a 1.39 per cent annual growth rate. The number of internet subscribers also grew from 88.1 crore to 95.4 crore, showing an 8.30 per cent increase and adding 7.3 crore new subscribers over the year.
Broadband services continued to see a rise in subscribers, increasing from 84.6 crore to 92.4 crore, with a 9.15 per cent growth rate and the addition of 7.8 crore new subscribers. The count of wireless data subscribers also climbed from 84.6 crore to 91.3 crore, demonstrating a 7.93 per cent growth rate. Moreover, the total volume of wireless data usage surged from 1,60,054 PB to 1,94,774 PB, indicating a 21.69 per cent annual increase. The number of telephone subscribers increased from 117.2 crore to 119.9 crore, achieving a 2.30 per cent growth rate. This growth led to an improvement in overall tele-density from 84.51 per cent to 85.69 per cent.
The average minutes of usage per subscriber per month also saw an increase from 919 minutes in 2022-23 to 963 minutes in 2023-24, representing a 4.73 per cent annual growth. Additionally, Adjusted Gross Revenue (AGR) for the sector rose from Rs 2,49,908 crore in 2022-23 to Rs 2,70,504 crore in 2023-24, marking an 8.24 per cent annual growth.
This report provides a comprehensive overview of India’s telecom sector performance in 2023-24, offering valuable insights for stakeholders, research agencies, and analysts. The growth trends and key metrics outlined in the report showcase the increasing demand for high-speed connectivity and the expanding reach of telecom services across the country. With continuous advancements and improvements in the sector, India’s telecom industry is poised for further growth and development in the coming years.
