The total fixed communication services revenue in India is expected to increase at a compound annual growth rate (CAGR) of 5.2% from $12.8 billion in 2024 to $16.5 billion in 2029, mainly driven by the healthy growth in the fixed broadband segment, reveals GlobalData, a leading data and analytics company.
GlobalData’s India Fixed Communication Forecast (Q1 2025) reveals that fixed voice services revenue will decline at a CAGR of 1.7% over 2024-2029, in line with the decline in fixed voice average revenue per subscriber (ARPU) levels, as users increasingly adopt mobile/OTT-based communication services, and with operators including free voice minutes with their fixed bundled plans.
Srikanth Vaidya, Telecom Analyst at GlobalData, says: “Fixed broadband services revenue, on the other hand, will increase at a CAGR of 5.7% during 2024-2029, driven by the growth in broadband subscriptions, especially fiber broadband and with the recent introduction and planned expansion of FWA services by Reliance Jio Infocomm (Jio) and Bharti Airtel over the next few years.”
GlobalData is optimistic about India’s fixed broadband services outlook and estimates fiber optic lines to hold about 94% of total broadband lines in 2029, supported by the government investments in fiber network infrastructure and operators’ FTTH service expansions. As a result, fiber optic service revenue is expected to increase at a CAGR of 6.4% between 2024 and 2029.
Jio is set to lead the country’s fixed broadband services market in terms of subscription share over the forecast period, supported by its strong position in the growing FTTH service segment and efforts to expand its Airfiber FWA services.
Vaidya continues: “Rising demand for high-speed internet services and competitively priced fiber broadband plans from operators with benefits like unlimited internet and access to major SVoD platforms are expected to drive fiber broadband service adoption in India during the forecast period.”
For instance, Reliance Jio’s basic broadband plan starts from 399/month that offers unlimited data @ 30 mbps speed, while its popular 999/month plan offers unlimited data @ 150 mbps with access to 15 OTT platforms, including Amazon Prime Video, Disney + Hot Star, VooT Select, Zee5, and SonyLIV.
Vaidya concludes: “India’s fixed broadband market is entering a phase of accelerated digital transformation, underpinned by aggressive fiber rollouts, strategic pricing, and bundled OTT offerings. As operators like Jio and Airtel continue to innovate around FWA and FTTH, the market is poised to bridge the digital divide and redefine home connectivity standards. Going forward, sustained infrastructure investments and evolving consumer preferences for high-speed, content-rich broadband experiences will be pivotal in shaping the next wave of growth in India’s fixed communication landscape.” GlobalData