1.1 OVERVIEW OF TELECOM SECTOR
The telecom services have been recognized the world-over as an important tool for socio-economic development for a nation. It is one of the prime support services needed for rapid growth and modernization of various sectors of the economy. Indian telecommunication sector has undergone a major process of transformation through significant policy reforms, particularly beginning with the announcement of NTP 1994 and was subsequently re-emphasized and carried forward under NTP 1999. Driven by various policy initiatives, the Indian telecom sector witnessed a complete transformation in the last decade. It has achieved a phenomenal growth during the last few years and is poised to take a big leap in the future also.
STATUS OF TELECOM SECTOR
The Indian Telecommunications network with 851 million connections (as June 2011) is the second largest in the world.
Indian telecommunication industry is the world’s second-largest in terms of number of subscribers, and the world's fastest growing market in terms of number of new subscribers. India had 851.70 million mobile phone subscribers at the end of June 2011.The country has the fourth highest number of Internet users with over 100 million as of December 2010. The primary regulator of communications in India is the Telecom Regulatory Authority of India. It closely regulates all of the industries mentioned below with the exception of newspapers and the Internet service provider industry.
As the fastest growing telecommunications market in the world, India is projected to have 1.159 billion mobile subscribers by 2013. Several leading global consultancies estimate that India will become the world's largest mobile phone market by subscriptions by 2013. The industry is expected to reach a size of 344,921 crore (US$76.92 billion) by 2012 at a growth rate of over 26 per cent, and generate employment opportunities for about 10 million people during the same period. According to