India's Reliance on Reliance
How the big conglomerate has been a key-stone in India narrative and what the legacy prospects look like... apart from pre-wedding part 1 and part 2...
Monica Halan’s new book “Let’s Talk Legacy,” is around the corner so check it out. This intrigued me to write a bit on Reliance Industries. I’ve written all this from recent PPT, Transcript and Annual Report of the company. Let’s brew some thoughts here..
The Present and Future of Reliance
As we stand at the cusp of technological and industrial advancement, the journey of Reliance offers a fascinating glimpse into the future. From its humble beginnings to its current status as a global powerhouse, the company has consistently pushed boundaries and embraced innovation.
Today, Reliance Industries is at the forefront of India's economic and technological landscape. One of the most significant achievements is the rapid expansion and success of Jio's 5G network.
Within a year and a half of its launch, Jio 5G has achieved nearly 30% of the total mobile data traffic in India.
This remarkable growth underscores the robust infrastructure and strategic planning that have positioned Jio as a leader in the telecommunications sector.
Ookla, a global leader in mobile and broadband network intelligence, has consistently rated Jio 5G as the best network in India across various parameters like availability, latency, and video quality.
The expansion of 5G has not only improved connectivity but also paved the way for enhanced digital services.
The Jio Bharat ecosystem is transforming 2G users into 4G subscribers, fostering digital inclusion across urban and rural areas.
Additionally, partnerships with premium smartphone brands are amplifying the adoption of 5G, creating a synergistic growth environment for both Jio and the smartphone industry.
As far as subscriber base is concerned, Jio has increased its 5G subscriber base to 108 million users, making it the largest outside China.
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