It all depends how your ISP is peered with whoever is hosting the speedtest server. Your real world result will generally be more accurate to a server (1) in another city (2) in the next country.Mumbai users of our 5Mbit/s flat-rate plan would see 85+mbit/s to speedtest.net Mumbai.
For any sort of real world results test with a server in US (across the world) and hope that your ISP isn't indulging in traffic shaping for SpeedTest.
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