According to a report by GlobalData, India’s fixed communication services revenue, including fixed wireless access (FWA) and wired broadband, is projected to rise from $12.8 billion in 2024 to $16.5 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.2 per cent. This growth is being driven by surging demand for broadband services across the country.
However, fixed-line voice communication is expected to decline at a CAGR of 1.7 per cent during the same period, primarily due to declining average revenue per user (ARPU). This trend is attributed to the increasing shift of users to mobile and app-based communication platforms, along with operators bundling free voice minutes into fixed-line packages.
GlobalData further noted that fibre optic lines will account for approximately 94 per cent of all broadband connections in India by 2029, backed by government investments in fibre infrastructure and ongoing fibre-to-the-home (FTTH) deployments by telecom operators. As a result, fibre optic broadband revenue is expected to grow at a CAGR of 6.4 per cent between 2024 and 2029.
Additionally, according to Axis Capital, Reliance Jio is set to dominate the fixed broadband market in terms of subscriber share, owing to its leadership in FTTH services and expansion of FWA offerings. Both Jio and Bharti Airtel launched their 5G-based FWA services in late 2023. As of April 2025, India had 7.5 million FWA subscribers, with Jio accounting for 6.14 million and Airtel 1.36 million. FWA additions in April alone stood at 730,000, far surpassing fixed broadband additions of 370,000, and representing 60-80 per cent of total monthly broadband subscriber growth.
