Forecast: Number of Fixed Broadband Subscriptions in India

Fixed broadband subscriptions in India have shown significant growth from 2013 to 2023, increasing from approximately 14.9 million to 39.3 million. The growth rate, though fluctuating, has showcased a notable acceleration, especially in recent years. For instance, the year-on-year growth spiked to 19.8% in 2020 and 20.09% in 2021, reflecting an increased reliance on fixed broadband amid the COVID-19 pandemic. By 2023, the growth slowed slightly to 17.3%, but still, the five-year CAGR remains strong at 16.68%, indicating consistent upward momentum.

Future trends indicate continued expansion, with forecasts suggesting fixed broadband subscriptions will reach 67.6 million by 2028. The forecasted five-year CAGR of 8.45% and overall growth rate of approximately 50% highlight sustained growth, although at a moderately decelerating pace.

Future trends to watch for include technological advancements in broadband infrastructure, policy changes favoring digital inclusion, and increased competition among service providers, which may drive further subscription growth and potential service price reductions.