Telecommunication: Market & Opportunities

Source: IBEF: July 22, 2008

The fast track growth of the Indian telecom industry has made it a key contributor to India's progress. India has more than 225 million telecom subscribers in India. Every month, 6-7 million new subscribers are added. Upcoming services such as 3G and WiMax will help to further augment the growth rate. The Indian telecom industry is growing at the fastest pace in the world and India is projected to be the second largest telecom market globally by 2010.

The Indian telecom market generated revenues of approximately US$ 20 billion in 2006-07. The market witnessed a growth rate of 33 per cent over the last year and recorded a CAGR of 22 per cent for the period 2002-03 to 2006-07. This growth has resulted in doubling the revenues of the telecom segment in the past three years. Further, it is expected that the industry will generate revenues worth US$ 43 billion by 2009-10.

Even though the Indian telecom industry has crossed a subscriber base of 225 million, its teledensity is a mere 19.9 per cent. Thus, the Indian market provides telecom service providers with a large untapped potential, given the country’s increasing population and its low teledensity. The Government has plans to raise teledensity to 40-45 per cent by 2010, thereby offering greater growth opportunities for service providers.

Telecom Practice at TASK

Telecom Practice has been our strength and expertise, having demonstrated consistent growth over the years. We have grown with the Industry handling project recruitments for our clients right from the inception stage and have since then continued with the partnership. The Practice has grown leaps and bounds,  through practice expansion and replication of business nationally with existing clients.