India is more connected than ever before. And the policy boost given to the country’s telecom industry aided by domestic private sector players have been key factors behind the industry’s inexorable growth and facilitation of new users every hour.
With a population of over a billion people, India is a market which is primed to grow in the coming years. The market penetration in Tier 2 and Tier 3 cities in the country and the need for cost effective and accessible communication resources presents a challenge as well as an entry point for new players.
The market, although dominated by native players in terms of network connectivity, presents tremendous potential in terms of infrastructural and technological development. Furthermore, with India being the world’s 2nd largest smartphone market, the demand of new technology for rural and urban demographics is an opportunity which is ripe for device manufacturers, aided by various tax benefits.
Some of the statistics highlighting the market opportunity in the telecom industry in India are:
Stay updated with our insights and expert opinions on significant aspects of doing business in this sector as well as key policies issued by the governing authorities that impact the sector