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Even as most countries attracted less foreign direct investment last year, investment in India surged on hope its economy is set for take off.
The Indian Telecommunications Industry
- India is currently the world’s second-largest telecommunications market and has registered exceptional growth in the past few years.
- The Indian mobile economy is growing rapidly and will contribute approximately $400 billion to India’s gross domestic product (GDP), according to report prepared by GSMA in collaboration with BCG.
- The total mobile services market revenue in India will reach $29.8 billion in 2014 and is expected to touch $37 billion in 2017, registering a compound annual growth rate (CAGR) of 5.2%.
- The broadband services user-base in India is expected to grow to 250M connections by 2017.