India is the second largest & fastest growing telecom market in the world with telephone subscribers 892.02 million at the end of February, 2013. The share of urban subscribers is 61.87% whereas share of rural subscribers is 38.92% in the month of February 2013. The overall Tele-density in India reached to 72.90% at the end of February, 2013. Of the various telecom services, majority of the growth has been driven by Wireless segment. Mobile operators in the wireless segment have alone contributed to 2.4% of India’s GDP for FY’12, and have generated an estimated 2.3 million jobs
The subscriber base has grown at 25% CAGR from FY’08 to FY’12, and the revenues for the same period have grown at a CAGR of 11%. India is the fastest growing mobile phone market in the world. The booming telecom industry has been attracting large amount of investments in the country.