• About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, February 24, 2021
Finance Infinity
  • Home
  • News
  • Market Watch
  • Ministration
  • Opinion
  • Beyond Finances
No Result
View All Result
  • Home
  • News
  • Market Watch
  • Ministration
  • Opinion
  • Beyond Finances
No Result
View All Result
Finance Infinity
No Result
View All Result
Home Market Watch

Reliance Jio: Breaking the threshold of economic growth

Supriya Tyagi by Supriya Tyagi
December 21, 2020
in Market Watch, Opinion
0
Reliance Jio
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

Free internet? Every citizen asked this question as Mukesh Ambani took the country by a storm on September 1, 2016, when he announced Reliance Jio for Indians in his speech at the 42nd Annual General Meeting (AGM) of Reliance Industries Limited (RIL). At that time, even the experts marked it ‘too ambitious’. Jump to 2020 and it will not be an understatement to say that Jio has single-handedly demolished the threshold of Indian economic growth. But, how?  

Connecting People with Internet

Reliance Jio transformed the internet from a privileged good to a basic necessity by breaking the monopoly war between Airtel and Vodafone. The initial three months without any charges followed by cheap data packs enabled the rural population to connect with entertainment, education, and their loved ones across the country. Furthermore, Jio’s diversification allowed Reliance to present Indian rural regions with their own version of Flipkart and Amazon – JioMart.

Spending Capacity

According to a report by Institute for Competitiveness, Jio’s market entry helped customers save Rs 60,000 crores annually. Along with this, ‘digitized’ rural areas caused a consumer influx in the market. Online courses, job portals, ticket bookings, and grocery stores became widely accepted due to the ability to transfer money through digital wallets across the country. Simply said – A 10% increase in internet penetration, owing to Jio, caused a 3.9% increase in per capita GDP.  

FDI Investment

Between 2019 and 2020, Reliance Industries became net debt-free by attracting Foreign Direct Investment (FDI) worth Rs 1,52,000 crore. This number equates to 40.6% of India’s FDI inflow in FY2020. It is interesting to note that the entire amount has been raised by selling merely 33% stakes in Jio Platforms to leading technological giants such as Facebook, Google, KKR, Vista, Mubadla, Silver Lake, etc.

In these times where data privacy, easy accessibility, and low cost are premier concerns, only an indigenous player could have truly unlocked India’s economic growth potential. With Reliance Jio at the forefront of internet and telecommunications, the goal of every citizen contributing to the economy looks achievable.

Tags: economic growthEconomyIndian economyReliance Jio
Previous Post

Muthoot Finance to raise Rs 1,000 crore via public issue of bonds

Next Post

Six companies enter a bidding war for Reliance Home Finance (RHFL) acquisition

Supriya Tyagi

Supriya Tyagi

Vedika has studied law and economics and worked in financial services before starting her career as a writer with Finance Infinity. She is always keen to analyse financial trends along with the government policies.

Related Posts

Budget 2021: Privatizing two public sector banks
News

Budget 2021: Privatizing two public sector banks

February 4, 2021
Reliance declares Q3 profit at Rs 13,101 crore
Market Watch

Reliance declares Q3 profit at Rs 13,101 crore

January 30, 2021
RBI drafts 4-layered framework for shadow bank regulation
News

RBI drafts 4-layered framework for shadow bank regulation

January 27, 2021
MSME Exporters: Loan woes and solutions
Market Watch

MSME Exporters: Loan woes and solutions

January 13, 2021
Maharashtra Road Project concessionaire faces replacement bid from UBI consortium
Opinion

Maharashtra Road Project concessionaire faces replacement bid from UBI consortium

December 31, 2020
RHFL
Market Watch

Six companies enter a bidding war for Reliance Home Finance (RHFL) acquisition

December 23, 2020
Next Post
RHFL

Six companies enter a bidding war for Reliance Home Finance (RHFL) acquisition

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stock Market

  • Trending
  • Comments
  • Latest
India Post’s mobile bank facility

All about India Post’s mobile bank facility for its saving accounts customers

November 6, 2019
Axis Bank

Learning how to utilize digital channels for selling products with Axis Bank

January 9, 2020
Advent to invest in Aditya Birla Capital Ltd

Advent to invest Rs 1,300 crore in Aditya Birla Capital Ltd

September 4, 2019
KPMG Future of Finance

KPMG Future of Finance: Data, Automation, and Integration

December 14, 2020
India Post’s mobile bank facility

All about India Post’s mobile bank facility for its saving accounts customers

1
Safe Past, Volatile Future: Investing in Government Securities

Safe Past, Volatile Future: Investing in Government Securities

0
FPI Surcharge

FPI Surcharge: Finance ministry to consult Law ministry for providing immediate relief

0
National Housing Bank to infuse Rs 10,000 crore in housing finance companies

National Housing Bank to infuse Rs 10,000 crore in housing finance companies

0
Safe Past, Volatile Future: Investing in Government Securities

Safe Past, Volatile Future: Investing in Government Securities

February 11, 2021
FM Sitharaman rejects Opposition’s ‘Selling family assets’ charge

FM Sitharaman rejects Opposition’s ‘Selling family assets’ charge

February 10, 2021
Finance Ministry allows 4 states to borrow additional Rs 5,034 crore

Finance Ministry allows 4 states to borrow additional Rs 5,034 crore

February 10, 2021
Bank Privatization: Govt-RBI join hands, Unions oppose move

Bank Privatization: Govt-RBI join hands, Unions oppose move

February 9, 2021

Recent News

Safe Past, Volatile Future: Investing in Government Securities

Safe Past, Volatile Future: Investing in Government Securities

February 11, 2021
FM Sitharaman rejects Opposition’s ‘Selling family assets’ charge

FM Sitharaman rejects Opposition’s ‘Selling family assets’ charge

February 10, 2021
Finance Ministry allows 4 states to borrow additional Rs 5,034 crore

Finance Ministry allows 4 states to borrow additional Rs 5,034 crore

February 10, 2021
Bank Privatization: Govt-RBI join hands, Unions oppose move

Bank Privatization: Govt-RBI join hands, Unions oppose move

February 9, 2021
Facebook Twitter Youtube Instagram
Finance Infinity

Finance Infinity is a media platform which delivers latest financial information. Find news, articles, editorials and blogs written by our dedicated team of professionals and get yourself updated on what's happening in the business world.

Browse by Category

  • Beyond Finances
  • Business
  • Market Watch
  • Ministration
  • Mobile
  • News
  • Opinion
  • Tech

Recent News

Safe Past, Volatile Future: Investing in Government Securities

Safe Past, Volatile Future: Investing in Government Securities

February 11, 2021
FM Sitharaman rejects Opposition’s ‘Selling family assets’ charge

FM Sitharaman rejects Opposition’s ‘Selling family assets’ charge

February 10, 2021

Copyright© 2020 Financeinfinity - All rights reserved

No Result
View All Result
  • Home
  • News
  • Market Watch
  • Ministration
  • Opinion
  • Beyond Finances

Copyright© 2020 Financeinfinity - All rights reserved

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In