Based on the provided data, fixed broadband subscriptions in India have shown a strong growth trajectory over the last decade. In 2023, the value stood at 2.77 subscriptions per hundred persons. From 2013 to 2023, the market observed fluctuations but primarily an increasing trend, especially notable from 2020 onwards with significant year-on-year variation of 18.66% in 2020, 19.13% in 2021, 20.73% in 2022, and 17.08% in 2023. The latest five-year CAGR up to 2023 is 15.83%, indicating robust compound annual growth.
Forecast data from 2024 to 2028 suggests a continued rising trend with a CAGR of 8.46%. The forecasted growth rate over the next five years is 50.08%, projecting the value to reach 4.76 subscriptions per hundred persons by 2028.
Future trends to watch include:
• Increasing investment in broadband infrastructure.
• A shift towards fiber-optic technology for faster speeds.
• Potential impacts of government policies aimed at boosting digital connectivity.
• Raising demand driven by remote work and digital services.
