Telecom industry size set to cross Rs 10 lakh crore: report

The size of the telecom industry is set to cross the Rs 10 lakh crore mark next year and by 2025 it is expected to cross Rs 13 lakh crore as 5G services go live by end of the year. The technology is likely to expand to several cities and towns in 2023 and beyond, as per a report by tech consultancy Techarc.

The report titled, “India Smartphone – Big Picture 2025” outlines the outlook, key trends, and challenges that are expected to be faced by the smartphone industry in India and are based on the analyses done by Techarc along with interactions with the ecosystem leadership representing the smartphone OEMs, channel partners, component suppliers and other key enablers of the smartphone industry in India.

“Smartphones will continue to be the jewel of the telecom industry in India even as 5G goes commercially live in India anytime now.