India's telecom industry is set to invest ₹2.5-3 lakh crore over the next three to five years. Analysts highlight a strategic shift from 5G coverage expansion to network densification, fiberisation, and AI-driven optimisation, fueled by rising data consumption. While major players like Reliance Jio and Bharti Airtel are leading, others face financial challenges, indicating a nuanced growth phase for the sector.