NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Tuesday, August 3, 2004

“In terms of sheer numbers, India?s cellular market is impossible to ignore. The number of subscribers has increased nearly 10-fold since 2000, from 3.5 million to more than 34 million today, according to a recent report by market research firm InStat/MDR. By 2009, India is expected to have around 150 million mobile subscribers, about the size of the U.S. market today. In the first half of 1999, 12,000 new customers signed on each month. By last year, that number jumped to more than 778,000 each month, according to analyst Gartner Research.” Read full article here.