Telecom
The Indian telecommunications (Telecom) industry is the fastest growing market in the world. The industry has played a vital role in India's growth story, and within the services sector, the telecom sector has been the major contributor to India's growth, accounting for nearly 3.6% of total GDP in FY10. The share of telecommunication services in India's GDP is expected to increase to 15% by 2015. The fast track growth in the domestic telecom market has attracted significant investments which are expected to grow with the entry of new players and launch of new services.
Scope
The number of mobile phone subscribers in India rose to 893.84 million in December 2011. According to the Telecom Regulatory Authority of India (TRAI), the wireless user base grew 1.07% with an addition of 9.47 million subscribers, from 884.37 million in November 2011. With this, the total number of telephone subscribers, including land line holders, touched 926.53 million. The sector will provide employment to around one crore people by 2012, according to a study commissioned by the Cellular Operators Association of India (COAI) and done by PwC. The sector will provide about 28 lakh direct jobs and around 70 indirect jobs by 2012, according to the study.
Latest:
Latest services such as 3G and WiMax would further help stimulate growth rate in the sector. With the ongoing investments into infrastructure deployment, the country is projected to see high penetration of internet, broadband and mobile subscribers. Mobile value added services (VAS) such as text or SMS, menu-based services, downloading of music or ring tones, mobile TV, videos and other m-commerce applications, is poised to grow 20% by 2013, according to an industry report.
Integrate Parts
The sector includes fixed line telephony, mobile telephony, internet (wireless, broadband, 3G) and telephone equipment.