India’s telecom sector is set for 12-14% operating profit growth in FY26, driven by rising data usage, 5G expansion, higher average revenue per user (ARPU), and lower capex, boosting free cash flow and debt reduction.

India’s telecom sector added 2.7 million active users in June 2025, with sustained growth in Metro and A Circles, led by Reliance Jio and Bharti Airtel, signalling continued digital expansion.

Starlink will be capped at two million users in India, focusing on rural areas with costly services, posing little threat to BSNL, as it awaits spectrum and infrastructure approvals.

India hosts over half of the world’s Global Capability Centres, with expansion now shifting to tier II cities amid rising demand and supportive policy reforms.

Large-scale electronics and pharmaceutical manufacturing dominated the Production-Linked Incentive (PLI) scheme disbursements in FY25, accounting for nearly 70% of the total fiscal outlay.