The Indian telecommunication industry is one of the fastest growing in the world. Telecommunication has been recognized world-over as an important tool for socio-economic development for a nation and plays a phenomenal role in growth and modernization of various sectors of the economy. Over the last few years, Indian telecom market has shown overwhelming growth thanks to domestic demand, policy initiatives undertaken by the government and admirable efforts by the players of the industry and in the process, has managed to emerge as one of the youngest and fastest growing economies in the world today. Factors like regulatory liberalization, structural reforms and competition played a very important part in this rapid transformation. The fact that India is one of worlds fastest growing telecom markets in the world, has acted as the primary driver for foreign and domestic telecommunication companies investing into the sector. It is also recognized as one of the most lucrative markets globally, resulting in massive investments being made in the sector both by the private and government sector in the last decade.
The telecom industry has witnessed significant growth in subscriber base over the last decade, with increasing network coverage and a competition-induced decline in tariffs acting as catalysts for the growth in subscriber base. The growth story and the potential have also served to attract newer players in the industry, with the result that the intensity of competition has kept increasing. Liberalization of the sector has not only led to rapid growth but also helped a great deal towards maximization of consumer benefits, evident from a huge fall in tariffs. Telecom sector has witnessed a continuous rising trend in the total number of telephone subscribers. From a meager 22.8 million telephone subscribers (wireless plus wire line) in 1999, it has grown to 926.53 million at the end of December, 2011, reaching tele density of 76.86 %. The total number of urban subscribers today stand at 611.19 Million (65.59 %) and rural subscribers at 315.33 Million (34.41 %). Wireless telephone connections have contributed to this growth as the number of wireless connections rose from 35.61 million in 2004 to 893.84 Million at the end of December, 2011.
India has entered the league of countries with the most-advanced telecommunication infrastructure after the industry was deregulated. Furthermore, deregulation has stimulated India’s economic growth through industry growth and through rise in investments. It is evident that a well-developed communication sector improves access to social networks, lowers transaction costs, increases economic opportunities, widens markets, and provides better access to information, healthcare and educational services.
The growth in Indian telecom sector has been concomitant with overall growth in GDP, government revenue, employment et al. Besides, telecommunication has increased efficiency, reduced transaction costs, attracted investments and has created new opportunities for business and employment. This sector which is growing exponentially is expected to generate about 4.1 million additional jobs by 2020, as per Group Special Mobile Association (GSMA).
We provide professional based services. We are strategic expertise in doing major hiring across all verticals in Telecommunication Industry with our help of our industry network, strong database and effective efficient Team. Continuous growth is expected in the telecom sector in the future as new areas are being added to the existing list of areas of specialization. India will experience a higher growth rate will heavily contribute to the revenue generation and job creation due to its increasing size.