India’s journey from 1GB to 62GB per month data: A look at telecom sector’s growth so far

Ericsson, a telecommunications company, has released data that shows that India is likely to use 62 GB of data per user every month by 2028. This will be higher than the US, Western Europe, South Korea, and China’s data usage.

Contributing factors to data consumption in India are fast 5G network growth and increasing competition between telecom companies, which are giving away higher volumes of data at a decreased cost per GB.

As per Ericsson’s report, until 2028, smartphone users may grow from 76 per cent (2022) to 93 per cent. According to the Zee Business research report, year-on-year (YoY), the average data consumption per month of an individual user in GB has increased since 2014; on the other hand, the cost per GB has declined until 2020.

In 2014, the average data consumption per month was 0.3 GB, and the cost per GB was Rs 269, whereas in 2022, the data consumption was 19.5 GB per month, and the cost was Rs 13.5 per GB.

Various telecom equipment and accessories companies’ stock performance since 2014

Vindhya Telelinks’ stock has given a total return of 1,062 per cent since 2014 when the average return per year was 112 per cent. D-Link shares have given a total return of 690 per cent and the average return was 73 per cent. ITI scrip has given a total return of 547 per cent since 2014 and an average return per year of 58 per cent.

Meanwhile, Sterlite Technologies' total return was 485 per cent and the average return on the stock was 51 per cent. Tata Communications, a Tata Group company, gave a total return of 420 per cent with an average return per year of 44 per cent. Tejas Network, since 2017, has given a total return of 186 per cent and an average return per year of 31 per cent.

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.