Telecommunications is one of the fastest growing industries in India. With a total number of subscribers at 479.09 million at the end of July 2009, Indian telecom market is the second largest in the world, ranking next only to China. On an average, Indian telecom subscriber base increases by 15 million new connections every month. Out of this, approximately, 8 to 10 million are mobile connections.
Overall, the proportion of cellular phone connections is rapidly increasing and replacing the fixed-lines connections, as well. Today, the percentage of mobile users in the market is almost 89% and growing. At this rate, it is estimated that by mid 2012, at least half of the Indians will own mobile phones, with a total number of users expected to be 612 million. As per a research report published by Nokia, the Indian telecom industry will contribute to 15.4% of the GDP by the year 2014.
The Indian telecommunications industry remained undeterred even in the face of the worst economic recessions in the recent times and registered an impressive growth. In the year 2008, Indian telecom subscriber base grew by 113.26 million at an average of 9.5 million per month!
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