Reliance has been around for five years. Jio: The tech world congratulates the telecom giant on its anniversary

 IT world gathered to celebrate Google India, Zomato, Netflix, and Paytm’s five-year anniversaries. The dirt-cheap tariffs of Reliance Jio have ushered in a data revolution that has benefited them. 

Since September 5, 2016, when Mukesh Ambani re-entered the telecom industry with Jio, data usage in India has increased by 130 percent.

“Cheers to #5YearsOfJio,” HDFC wrote, from asking “What’s the score?” to watching it LIVE. 

Google, Netflix, Amazon Prime Video, PhonePe, Apollo Hospitals, and Ashok Leyland, among others, congratulated Jio on its fifth anniversary on Twitter, as did Tinder India, Voot, Zee5, and Samsung India. 

Nokia thanked Mi India for “5 years of powering India’s Internet revolution.” Paytm, India’s largest digital wallet provider, wished its users a long and prosperous life.

“Here’s to helping India learn and flourish digitally!” says the e-learning site Unacademy. Zomato, an online food ordering app, mentioned Jio’s digital link in its IPO prospectus. According to Micromax, the mobile internet revolution in India began with #5YearsOfJio. 

Jio- A turning factor for Indian Market

Jio’s debut shook the Indian telecom sector, forcing competitors to match Jio’s ridiculously low rates. According to TRAI’s broadband subscriber statistics, data consumers have quadrupled in the last five years. The number of broadband users would have increased from 19.23 crore in September 2016 to 79.27 crore by 2021.

This resulted in an exponential increase in data consumption, with monthly data consumption per user increasing by more than 1,303 percent between December 2016 and March 2021, according to the latest quarterly telecom performance indicator report published by TRAI. 

According to TRAI performance indicator reports, since Jio’s commercial launch in September 2016, internet data costs have dropped by more than 93%, from around Rs 160 per GB to Rs 10.77 per GB. 

Similarly, the number of WhatsApp users is expected to exceed 39 billion by 2021, up from 19 billion in 2016. Online businesses are thriving, and entire new value chains are emerging, eliminating the need for middlemen and lowering prices.

On the day of Zomato’s successful IPO, Zomato CEO Deepinder Goyal praised Reliance Jio’s “prolific expansion.” 

Netflix CEO Reed Hastings has credited Reliance Jio’s success in India. 

It goes without saying that Jio has had an impact on the digital economy. The monetary value of UPI payments has increased 200,000 times, while the number of payments has increased 400,000 times. App downloads have also increased dramatically.


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