India, June 24 -- We are increasingly at the mercy of Airtel and Jio, as the Indian telecom market rapidly consolidates into a duopoly. With little meaningful competition remaining, these two giants are able to raise prices almost at will, leaving consumers with no real choice but to accept the increases. The likelihood of a new entrant disrupting the market is extremely low, given the enormous capital investment, spectrum acquisition costs, and regulatory hurdles involved in entering the telecom space. Any genuine competition has been reduced to dust, as Jio and Airtel, alongside the struggling Vodafone Idea,now account for approximately 91-92% of all telecom subscribers in India.

India currently offers some of the lowest telecom prices...