Home FEATURED NEWS ‘Let that sink in’: Zerodha CEO Nikhil Kamath on India’s rising web consumer base

‘Let that sink in’: Zerodha CEO Nikhil Kamath on India’s rising web consumer base

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Zerodha co-founder and CEO Nikhil Kamath has just lately shared a submit expressing his views on the rising web consumer base in India. In a tweet he notes how India’s market share within the international cellular web visitors has elevated over a interval of 10 years. The share was 2% in 2012 and has now elevated to 21% in 2022.

The information is sourced from Ericsson. As per the information, China accounted for 27% of complete web customers globally in 2022. Together, each India and China account for about half of the worldwide cellular web visitors.

“India has gone from a meagre 2% market share (2012) in international cellular web visitors to 21% (2022) in simply 10 years. Let that sink in…This is as huge a metric to gauge #progress as any,” reads Kamath’s tweet.

The web consumer base has seen an exponential progress over the previous few years, because of Jio. The Mukesh Ambani-owned telecom service was launched in 2016. Since then, there was no trying again and the telco has grow to be the nation’s largest telecom operator with a consumer base of round 420 million.

As per the most recent subscriber information collated by the Telecom Regulatory Authority of India (TRAI), each Reliance Jio and Bharti Airtel gained 1.7 million and 1.52 million subscribers respectively in December 2022. Their consumer base expanded to 24.51 million and 367.60 million respectively.

While the cash-strapped Vodafone Idea misplaced a whopping 2.47 million subscribers in December 2022. The telco stays the one non-public telecom service supplier who has not rolled out its 5G community within the nation but.

India launched 5G companies in October 2022. At current, solely Jio and Airtel supply 5G community service within the nation.

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