Indian mobile data users have together saved around Rs 65,000 crore a year since Reliance Jio entered the domestic telecom space in 2016, a study by the Institute for Competitiveness (IFC), an India-based research and knowledge outfit linked to Harvard Business School, shows.
The primary reason for this drastic drop was a fall in data prices across the board, something that Jio spearheaded ever since it set foot in the telecom market. Data compiled by IFC showed that the average price of data has fallen from Rs 152/GB before Jio’s entry to Rs 10/GB now.
Assuming India has around 350 million mobile data users, this translates to financial savings of over USD 10 billion, which is approximately Rs 65,000 crore. And this is despite the research institute taking a conservative estimate that each user uses only 1 GB of data a month.
To put things in perspective, what Indian users end up saving on an annual basis after Jio’s big entry is more than the nominal GDP of over 50 countries in the world. So it goes without saying that Reliance Jio had a direct and pivotal role to play in bringing down data prices in India, IFC said in the report.
Customers saved over Rs 65,000cr on data plans thanks to Jio's entry: Study - Moneycontrol.com
The primary reason for this drastic drop was a fall in data prices across the board, something that Jio spearheaded ever since it set foot in the telecom market. Data compiled by IFC showed that the average price of data has fallen from Rs 152/GB before Jio’s entry to Rs 10/GB now.
Assuming India has around 350 million mobile data users, this translates to financial savings of over USD 10 billion, which is approximately Rs 65,000 crore. And this is despite the research institute taking a conservative estimate that each user uses only 1 GB of data a month.
To put things in perspective, what Indian users end up saving on an annual basis after Jio’s big entry is more than the nominal GDP of over 50 countries in the world. So it goes without saying that Reliance Jio had a direct and pivotal role to play in bringing down data prices in India, IFC said in the report.
Customers saved over Rs 65,000cr on data plans thanks to Jio's entry: Study - Moneycontrol.com