The chart tells the story faster than any analyst note. China’s optical fiber prices sat at ₹15 per fiber-kilometer at their trough in early 2024. They are at ₹50 per fiber-kilometer today — a 3.3x increase in 18 months — and the specialized bend-insensitive fiber used in AI data centers and drones has gone parabolic, hitting ₹65 per fiber-kilometer with no visible ceiling.

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