Having the world’s second largest telecommunication market and the second largest mobile subscriber base, the rapidly growing Indian mobile economy is expected to contribute to India’s GDP considerably. A proactive regulatory framework, the liberal and reformist policies of the Government of India and strong consumer demand paved the way for the progress of the Indian telecom industry. It is currently one of the top five employment generators in the country. By 2020, it is expected to reach $103.9 billion with a 10.3 per cent growth year-on-year. In the next 2 years, India’s mobile production is set to reach 500 million units with handset manufacturing leaders, including Chinese companies, preparing to set up manufacturing bases in the country owing to India’s huge population dividend and cheap labour costs. The most preferred destination for future investment, India has seen China’s direct investment to her soaring to $870 million. The entry of 4G in the telecom space not only means a market-disruptive price war, but also a huge expansion in the Indian mobile data market. In the next 5 years, this sector is set to generate 4 million direct and indirect jobs.
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