India is currently the world’s 2nd largest telecommunications market with a subscriber base of 1.2 billion and has registered strong growth in the past decade and half. The industry has witnessed exponential growth over the last few years primarily driven by affordable tariffs, wider availability, roll out of Mobile Number Portability (MNP), expanding 3G and 4G coverage, evolving consumption patterns of subscribers and a conducive regulatory environment.
The number of smartphone users in India crossed the 300 million mark in 2016, making it the largest smartphone market in the world. Total number of Subscriber Identity Module (SIM) connections is expected to reach 1.4 billion by 2020 from 1.1 billion in 2017. The Indian mobile economy is growing rapidly and will contribute substantially to India’s Gross Domestic Product (GDP), according to report prepared by GSM Association (GSMA) in collaboration with the Boston Consulting Group (BCG). As of January 2019, India has witnessed a 165% growth in app downloads in the past two years.
100% FDI in telecommunications sector is allowed in the Telecom, wherein upto 49% is allowed through the automatic route and beyond 49% FDI in telecom sector under government route.
Internet Connection Growth (2014-2021)
Active 5G Devices in India
No. of smart cities
Indian Mobile Industry contributed over $140 bn to India’s GDP in 2015
Digital India is expected to create $1 trillion business opportunity by 2020
Number of internet users in India is expected to reach 829 million by 2021
FDI in India Crossed 80 Billion Dollar Last Year: PM Modi
Indian Healthcare Sector Attracts Over USD 12 Billion in FDI: PM Modi
PM Modi pushes for Aatmanirbharta vision at CII Annual Meeting 2021
India must be aware of new FDI - Foreign Destructive Ideology. Says PM Modi.
FDI equity inflows into India cross $500 billion milestone