Telecom services have been acknowledged globally as an essential tool for the socio-economic development of a nation. India is currently the world’s second-largest telecommunications market and has registered exceptional growth in the past few years.
The Indian Telecom industry is one of the fastest growing in the world. Owing to the conducive environment provided by government and regulatory bodies, the industry in last over 2 decades has become one of the most competitive ones across the globe with very low tariffs. The sector has caught the imagination of the nation by revolutionizing the way people communicate, share information, and through the staggering growth has helped millions of the social and economically weaker sections.
Driven by 3G & 4G services it is expected that there would be huge machine to machine growth in transactions in India in the near term. With estimates stating that out of every 3 mobile phones in India, 2 will be smart phones over the next few years, the country is poised for yet another telecom revolution. With urban teledensity of around 150% and rural of around 45% the growth story in subscriber numbers is still continuing and India continues to be a large market for new subscribers.
The growth in mobile services has fuelled the growth in the area of Telecom Equipment suppliers, Telecom Software & Support services, Mobile handsets and Telecom Tower Infrastructure companies.
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