Hope you all healthy and doing good ..
Today I am going to write post on “TELECOM INDUSTRY IN INDIA”
The telecommunication network in india is the second largest in the world in the number of telephone users with the subscribers of 1.2 billion as on 2018. The mobile economy of india is growing continuously and will contribute substantiality to India’s GD , this is according to the report prepared by the GSM association (GSMA) in the collaboration with the boston consulting group (BCG) . The approx. downloading of app in India is about 215 per cent between 2015 and 2017.
Due to the liberal and reformist strategies of Indian government have been instrumental alongside solid buyer request in the quick development in the Indian telecom area.
MARKET SIZE:
The total expected economic value of the mobile industry is about Rs 14 trillion by the year 2020. The job opportunities(direct jobs) would be generated around 3 million and for indirect jobs it would be 2 million during this period .
INVESTMENT DEVELOPMENT :
The industry has attachéd FDI worth 30.08 billion US$ during the period of 2000 – 2017 according to department of industry policy (DIPP).
SOME OF THE DEVELOPMENTS IN THE RECENT :
- India became the fastest growing market fot mobile applications .
- Nokia is going to hook up with telecom companies BSNL and Airtel for the development of 5G technology .
- Mr Akhil Gupta (vice chairman of bharti Enterprise) stated india telecommunication companies will invest 20 billion US$ over the next two years for expansion of network and operation.
THE MAJOR INITIATIVES TAKEN BY THE GOVT OF INDIA:
- The govt of india has decided a new affordable tarrif structure with the principal of “more you use , less you pay” and is working to connect with the rural area digitally.
- Govt of india going to come out with a new National Telecom Policy 2018 soon .
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regards,
aalish