Analysis of telecom sector in India 2009 -- fastest growing telecom market in the world

DUBLIN, IRELAND: Research and Markets has announced the addition of the "Telecom Sector in India 2009" report to its offering.

Telecom sector is one of the fastest growing sectors in India and the fastest growing telecom market in the world, with a compound annual growth of 34 percent over the last decade.

This impressive rate is a result of India's economic growth and liberalization policy since 1991 and the fundamental, structural and institutional reforms during the period. Today, India has nearly 490 million subscribers and with an annual addition of more than 125 million over the last couple of years, India will reach 500 million subscriber-base in 2010.

Among the various segments, wireless or mobile segment has been the key contributor, especially the prepaid services, offering a wide range of opportunities to provider and services to customers. Greater demand for better services and speed has made the market more competitive; as a result tariffs have been falling continuously across the board, making Indian tariffs one of the lowest in the world.

Going forward, the sector is likely to achieve greater growth rates with a whole range of new services expected over next few years with the coming of 3G.