The number of mobile cellular subscriptions in India in 2023 stood at 1.1221 billion. From 2024, the forecasted values show a decline: 1.1213 billion in 2024, 1.1106 billion in 2025, 1.1 billion in 2026, 1.0896 billion in 2027, and 1.0792 billion in 2028. The year-on-year variation indicates a consistent decrease over the years:
- 2024: -0.07%
- 2025: -0.96%
- 2026: -0.96%
- 2027: -0.95%
- 2028: -0.96%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately -0.84%, indicating a steady but modest decline in mobile cellular subscriptions.
Future trends to watch for:
- The ongoing shift towards multiple device ownership and convergence of services, such as IoT and 5G, may influence subscription dynamics.
- Policy changes and market consolidation might also impact subscription rates.
- Increased adoption of alternative communication technologies could further affect growth patterns.
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