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Interim Budget 2019: No major sops but heaps of praise from FM for telecom

Reliance Jio's disruption of the sector, and its subsequent consolidation, telecom has been looking for relief from govt as players battle low tariffs and slipping subscriber base

Reliance Jio, telecom, towers, mobile towers
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Jio topped with 8.5 million in active subscriber addition in October

Romita Majumdar Mumbai
Although Interim Budget 2019 did not offer any particular relief to the struggling telecom sector, the finance minister pointed out the growth achieved by telecom subscribers in making India the world leader in data consumption.

“India is now leading the world in the consumption of mobile data. Monthly consumption of mobile data increased by over 50 times in the last five years, “said Piyush Goyal, minister of Finance. Adding that the The cost of data and voice calls in India is now possibly the lowest in the world.

The telecom sector in India has undergone major transformation since September 2016 when Mukesh

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