Stock brokerage firm KRChoksey Shares and Securities has stated that Reliance Jio Limited (RJIL), the broadband arm of Reliance Industries' could achieve revenues worth $16 billion in the next two to five years.

According to the firm, the revenue projections were based on two pre-conditions including telecom industry maintaining a compound annual growth rate (CAGR) of 12 per cent for the next five years and RJIL adopting a subscriber based model vis-a-vis revenues per minute (RPM) model followed by other telecom companies.

KRChoksey Shares and Securities states that RJIL’s vision for India is that broadband and digital services will no longer be a luxury service. Rather, RJIL envisions an India where these are services are basic necessities for consumers and small businesses. It concludes that RJIL’s initiatives are truly aligned with the Government of India's 'Digital India' vision for the nation