On September 5 2021 Jio completed 5 years and since September 5, 2016, India’s data usage has increased by 1,300%, while the number of broadband subscribers has increased fourfold.
Reliance Jio is also now the market leader, having been in operation for 5 years on September 5, 2021.
The Mukesh Ambani-led company Jio completed 5 years and launched a video on social media using the hashtag “#5YearsOfJio” to describe “the journey from Evolution to Revolution” in creating Digital India.
Since India first gained access to telecom and internet services in 1995, many have viewed Jio’s arrival as a dramatic shift in the way the country connects by making data more accessible than ever before.
The titans of the IT world lined up to celebrate a company on its five years of operations, from Google India to Zomato, Netflix to Paytm. It’s no surprise that they’ve benefited from Reliance Jio’s data revolution, which introduced the internet at dirt-cheap rates to the people.
While HDFC said “sar uthake jeena koi tumse seekhe”, Hotstar said: “From asking ‘What’s the score?’ to watching it LIVE, cheers to #5YearsOfJio.”
While Mi India said “5 years of fueling the Internet revolution in India”, Nokia said “kudos to your commitment on keeping India connected.” “Tum jio karodo saal! (May you live billion years),” said India’s biggest digital wallet firm Paytm.
E-learning platform Unacademy said, “Here’s to helping India learn and grow digitally!” Online food ordering app Zomato, which had in its IPO prospectus mentioned the digital connect that Jio created, said, “Birthday cake is on its way!” “It’s #5YearsOfJio kicking off the mobile internet revolution in INdia,” Micromax said.
Google, Netflix, Amazon Prime Video, PhonePe, Apollo Hospitals, Ashok Leyland, Tinder India, Voot, Zee5, Samsung India, Vivo, Oppo, Dominos India, and Sony Liv were among the lot that took to Twitter to congratulate Jio on its 5th anniversary.
Jio’s entry into the Indian telecom industry caused havoc, driving competitors to match its dirt-cheap prices. According to the TRAI broadband subscriber report, the number of data users has increased fourfold in the last five years.
From 19.23 crore in September 2016 to 79.27 crore in June 2021. According to the latest quarterly telecom performance indicator report published by TRAI, this resulted in an exponential surge in data usage, with monthly data consumption per user jumping over 1,303 per cent from 878.63 MB to a stunning 12.33 GB between December 2016 and March 2021.
According to TRAI’s performance indicators reports, the cost of internet data has dropped by almost 93 per cent since Jio began commercial operations in September 2016, from roughly Rs 160 per GB to Rs 10.77 per GB.
Experts claim that Jio bridged the digital barrier and ushered in a new era of true digital democratisation, empowering every Indian in the process.
India had ten unicorns before Jio brought in the digital revolution; that number has already risen to at least 53. Jio, moreover, brought the digital revolution to everyone.
In India, for example, the number of Facebook users has more than doubled, rising from 20 crores in 2016 to more than 42 crores in 2021.
Similarly, the number of WhatsApp users increased from 19 crores in 2016 to over 39 crores in 2021. Online firms are flourishing, and entirely new value chains are emerging, cutting out the middlemen and lowering prices.
On the day of Zomato’s successful IPO, CEO Deepinder Goyal praised Reliance Jio’s “prolific growth” for the chances it has created for the country’s new-age internet firms.
Reed Hastings, the CEO of Netflix, the world’s largest online video streaming firm, credited Jio with the success of streaming services in India, making headlines by saying, “Every country should have its own Reliance Jio.”
The digital economy has also been transformed by Jio. The value of UPI payments has increased by 200,000 times, while the number of payments has climbed by 400,000 times. Downloads of apps have also increased dramatically.
The number of downloads increased from 6.5 billion in 2016 to 19 billion in 2019.
