Hi Piyush. Great points but would like to say that not even half of India has access to internet just yet. While Jio is certainly expediting this growth, we have a long way to go.
Even though that is still less than half of India's population, it is a bit misleading to put it that way because 500 million internet users is a HUGE number specially for a country like India where GDP Per capita is still very low compared to other similar economies. So I would say that is AWESOME. Long way to go for other things but Indians are way forward when it comes to Telecom/Internet in my opinion
One reason could be lack of very cheap Smartphones. I mean like good sub 1000 rupees phones.
India has a great Android phone ecosystem and the sub 10,000 rupee phones are really good. But 10,000 rupees is still quite a bit of cash for many people.
In my personal experience, poor population actually doesn't care about 'smartphone', though they care about 'Whatsapp'. Thankfully, Jio is bringing around 2000 INR (~28 USD) feature phones too, that will still run Whatsapp and Facebook etc.
Even though that is still less than half of India's population, it is a bit misleading to put it that way because 500 million internet users is a HUGE number specially for a country like India where GDP Per capita is still very low compared to other similar economies. So I would say that is AWESOME. Long way to go for other things but Indians are way forward when it comes to Telecom/Internet in my opinion