Jio carries over 60% of India’s wireless data traffic, eyes substantial share of $1.4 trillion digital eco

Reliance Industries’ Jio is positioning itself to capture a significant share of India’s projected $1.4 trillion digital economy by fiscal 2031, banking on its 533 million customers, expanding 5G network and technology capabilities, as it prepares for a major public listing of Jio Platforms. Jio carries more than 60 per cent of India’s wireless data traffic and has built the country’s largest digital connectivity business, Akash Ambani, managing director of Jio Platforms, said ahead of the anticipated initial public offering of the company. “We expect a $1.4-trillion digital economy by FY31; we will take a huge market share of this,”…