Forecast: Number of Mobile Cellular Subscriptions in India

From 2013 to 2018, India's mobile cellular subscriptions per hundred persons grew steadily, peaking in 2017 at 86.32. A decline trend began in 2018, leading to a steady reduction seen through 2023, where the rate stood at 79.58 units per hundred persons. Over the last two years, there was a year-on-year decline of 1.63% in 2022 and 1.33% in 2023. The five-year CAGR from 2019 to 2023 was -1.52%, indicating a negative growth trend.

Future forecasts suggest that this decline will continue, with mobile cellular subscriptions expected to drop to 76.69 units per hundred persons by 2028. The forecasted five-year CAGR is -0.52%, reflecting a gradual but consistent decrease in subscription density.

**Future trends to watch for:**

• Ongoing advancements in mobile technology and infrastructure can influence future subscription rates.
• Market saturation and alternative communication platforms may contribute to the decline.
• Economic factors and demographics changes will also play vital roles in shaping subscription trends.