Tuesday, August 12, 2003
The rapid growth of the Indian cellular market
India's cellular phone market has now reached China-like growth rates. According to the Business Standard, 2 million new subscribers signed on in the month of July alone. In effect, the first few months of 2003-2004 have seen more subscribers added than the whole of 2002-2003. Given that the TDSAT has ruled in favour of the limited mobility companies, growth rates will probably accelerate, if anything. The Business Standard also provides a detailed breakdown of the cellular market, clearing the confusion in my mind what exactly the "cellular" numbers in India constituted. Looks like the world's cheapest mobile phone market is all set to become the world's third-largest (after China and the United States) market well before the end of the decade.
