India's telco industry witnessed a 2.53% sequential growth in adjusted gross revenue (AGR) in the fourth quarter of fiscal 2023, led by gains from the tariff hikes taken by private carriers in November 2021. Jio, Airtel and Vodafone Idea reported sequential increases of 1.7%, 1.15% and a fall of 1.61%, respectively. The country's internet user base also rose by 1.77% sequentially to 881.25 million.