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After crossing the landmark of 1 billion mobile connections in 2015, the Indian market is near is peaking around 1.143 billion connections as of March 2023.
India lost 32 million mobile connections since the peak of 2017 till March 2023.
According to TRAI, India witnessed a continuous decline in mobile phone connections in the last five years from the peak of 1.176 billion connection in 2017.
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Customers are shifting towards the single-sim phenomenon as a result of rising tarrif, which is causing a drop in the number of active connections. In addition to this additional factors contributing to the slow growth include the slow adoption of smartphones, the saturation of urban teledensity at 130%, and the slow expansion of rural teledensity.
The urban teledensity has decreased by 36.6% from its 2017 peak of 165% to 128.5%, and the rural teledensity is not increasing fast enough to make up for these lost connections. Rural teledensity peaked at 58.9% in 2020 before dropping to 57.5% in March 2023.
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Source: Telecom Regulatory Authority of India (TRAI)
