Paytm CEO Vijay Shekhar Sharma said that the era of American internet was ending with the arrival of India and China, which now account for nearly 50 per cent of global mobile traffic.
He tweeted that it was the end of the American Internet as we knew it, in response to a graph shared by industry analyst Benedict Evans. India and China account for almost half of the world's mobile traffic, according to a graph shared on Twitter. The rise in mobile traffic is one of the reasons India's strong data governance law is timely, according to the Paytm boss.
In June of this year, India released a Draft National Data Governance Framework Policy for public consultation. Minister of State for IT Rajeev Chandrasekhar said that his government's vision is to build a modern framework for data governance that will be a kinetic enabler of India's Digital Economy.
India's share of mobile traffic increased from 2 per cent to 21 per cent in the last decade. According to a November Ericsson Mobility report, 5 G deployment by Indian telecom companies will enable 5 G subscriptions to reach around 31 million by the end of 2022 and 690 million by 2028.
In India, total mobile data traffic is expected to grow at a compound annual rate of 19 per cent from 18 exabytes EB per month in 2022 to 53 EB per month in 2028.
This is due to rapid growth in the number of smartphone users and an increase in average smartphone usage.