Lionel Sujay Vailshery
Research expert covering cloud computing and emerging tech industries
Reliance Jio - statistics & facts
Reliance Jio was first publicly launched on September 5, 2016, directly with 4G services, and quickly became the leading mobile telecom provider in India. Since the end of 2022, it has also begun offering 5G services. By December 2023, Jio had close to 40 percent of the country's wireless subscriber market.
Jio - the telecom branch of Reliance Industries
Reliance Jio Infocomm, commonly known as Jio, is a subsidiary of Jio Platforms. Jio Platforms is a subsidiary of Reliance Industries, and it functions as a holding company for Reliance Jio Infocomm, and several other digital businesses of Reliance. Reliance Industries is the largest corporation in India by market capitalization at over 233 billion U.S. dollars in 2024.World's second largest telecommunications market
India鈥檚 telecommunications market is the second largest in the world, just behind China. Meanwhile, since 2011, the smartphone market in India has seen steady growth, more than 150 million smartphones were sold in the country in 2024. Strong demand, and favorable government policies have been instrumental to the development of the industry. The Indian government has increased the FDI cap of the sector from 74 percent to 100 percent in 2020 to attract more foreign investment. Meanwhile, programs such as 鈥淒igital India鈥 and 鈥淢ake in India鈥 also helped to boost digitalization and production in the telecommunications sector.Smartphones become everyday essentials
Rising purchasing power and relatively cheap internet have helped the Indian smartphone market to grow into the second largest in the world. However, the most popular smartphone brands in the country are foreign, such as Samsung, Xiaomi, and Vivo. To encourage localized and domestic phone manufacturing, the Indian government introduced a production linked incentive scheme for large-scale electronics manufacturers. By the end of 2024, India has become the second-largest mobile phone manufacturing country in the world.
