Reliance Jio's disruptive entry in September 2016 led to USD 10 billion in annual savings for consumers and will expand India's per capita GDP by about 5.65 per cent, says a report. "As per our calculations, even the most conservative estimate shows that due to Jio's entry, the annual financial savings to the consumers would be to the tune of USD 10 billion," said the report by Institute for Competitiveness(IFC). Also read Reliance Jio mega offers ahead of IPL 2018 will make every cricket fan go crazy! IFC analysed Jio's entry to measure the impact of internet penetration on economic growth. By the end of 2017, its users on an average consume almost 10 GB data, 700 minutes of voice and 134 hours of video every month.

Source: dna April 07, 2018 07:07 UTC