Total mobile services revenue in India is projected to grow at a CAGR of 12.5 per cent from 2009 to 2013 to exceed $US30 billion, Gartner said.
The growth will come from mobile services operators increasing their focus on the rural market, lower handset prices, and local companies entering the domestic mobile handset segment, Gartner said.
India is expected to remain the world’s second largest wireless market after China in terms of mobile connections, according to Gartner.
India had 404 million mobile subscribers at the end of April, according to the country’s regulator.
The country added 11.9 million new mobile subscribers in April, up by 45 per cent from additions in the same month last year, according to data released earlier this month by the Telecom Regulatory Authority of India (TRAI).
The growth in mobile subscribers in the country has not been affected by the economic downturn because Indian consumers see communications as a necessity, according to research firm IDC India.