India’s Telecom Sector Sees Impressive Growth in FY24: TRAI Annual Report

Current Context: The Telecom Regulatory Authority of India’s (TRAI) annual report for FY 2023-24 highlights significant growth in India’s telecom sector.

• Here are some key points:
• Internet Subscribers: The total number of internet subscribers increased by 8.3%, from 881.25 million in March 2023 to 954.4 million in March 2024.
• Teledensity: India’s overall teledensity rose from 84.51% to 85.69%, marking a 1.39% annual growth.
• Gross Revenue: The sector’s gross revenue grew by 0.71%, reaching INR 3.36 trillion (approximately USD 40 billion).
• Adjusted Gross Revenue (AGR): AGR saw an 8.24% increase, rising from INR 2.49 trillion to INR 2.7 trillion.
• Leading Providers: Reliance Jio led with a 9.62% AGR growth, followed by Bharti Airtel with a 12.12% increase.
• This growth was driven by increased data consumption and consumer upgrades, reflecting the sector’s robust performance.

Question:

1 What was the total number of internet subscribers in India as of March 2024, according to TRAI's annual report for FY 2023-24?

• A) 881.25 million
• B) 800 million
• C) 1.02 billion
• D) 954.4 million

Answer: D) The total number of internet subscribers increased by 8.3%, reaching 954.4 million in March 2024 from 881.25 million in March 2023.