India has The World’s 2nd Largest Mobile Market

The Telecom industry in India is the second largest in the world with a subscriber base of over 1.2 bn. 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 mn mark in 2016, making it the largest smartphone market in the world.