The biggest challenge for Reliance Jio's grand vision is: how can intense price competition and high revenue growth go hand in hand?
It’s been evident for quite some time now that Reliance Jio Infocomm Ltd’s plans are big and bold. After all, it has committed an investment of Rs2.5 trillion ($37 billion) in an industry that generates revenues of around Rs1.8 trillion currently. And thanks to its “rock-bottom pricing", to use its own words, analysts expect the industry’s size to contract to around Rs1.6 trillion in fiscal 2017-18 (FY18).
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