The research firm, Research and Markets has published a report titled, ?India Telecom Services Market Forecast and Opportunities, 2018.?
As per the findings of the report, the telecom sector in India has witnessed an exponential growth from 2003 to 2013 and has proved to be an important contributor to the economic growth of the country. The research firm forecasts that India?s telecom subscriber base is expected to double by 2018, growing at a compound annual growth rate of 11 per cent between 2013 and 2018.
Currently, in terms of number of subscribers, India is the second largest telecom market worldwide. Faster adoption of new technology and increasing penetration of mobile phones are the key growth drivers for the Indian telecom market. Further, the growth in the market is being driven by increasing usage of various applications and affordable service pricing by the operators.
According to Research and Markets, the telecom service market in India is being primarily driven by supportive government policies and regulations. For example, following the introduction of Broadband Policy 2004, the broadband service market witnessed significant growth during 2004-12.
