In view of the exponential growth of smartphones and mobile data usage, Union Minister for Communications Manoj Sinha has said that Indian telecom industry is expected to cross $38 billion revenue mark by the end of 2017, registering a compound annual growth rate (CAGR) of 5.2 percent during the period 2014 to 2017. He also expects the telecom market to generate revenue of Rs 6.6 trillion by 2020 with the National Telecom Policy 2018.
The minister stated that in the past four years, investment into the sector has increased by approximately 220 percent. He noted that operators have rolled out more than 0.2 million mobile tower sites in the last 15 months with a new site coming up every three minutes. He also highlighted that the country is currently the second largest telecommunication market in the world with an over 1.2 billion subscriber base and around 450 million internet users.
Sinha further said that the industry is expected to generate four million direct and indirect employment during the period, adding that the government has put the spotlight formally on technology in the past few years. He also pointed out that the government has already started stakeholders’ consultations on the new telecom policy and noted that the government is taking a number of steps for further augmentation of the ease of doing business.
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