Indians may spend an extra ₹47,500 crore after tariff hikes by Jio, Airtel, and Vodafone: Kotak

Indian consumers are expected to spend an extra ₹47,500 crore anually due the tariff hikes by India’s top 3 telecom operators, the Economic Times wrote, citing a Kotak Institutional Equities research note. This tariff hike was done to effectively monetise their new 5G services and put an end to the price war among telecom operators that has been going on since 2016.

How much were tariffs hikes by Jio, Airtel, and Vodafone?
Reliance Jio raised prices by 13%-27%, Bharti Airtel raised tariffs by 10%-21%, and Vodafone Idea raised prices by around 10-23%, all within a span of two days.