Telecom boom

I was reading today's paper and got to know that Indian telecom industry has reached 50% tele-density. After reading this, I checked for the history of Indian Telecom which dates back to 1880s.

With around 5 million users in 1991, growth was expected in the next decade or two. Now, there are around 622 million telephone users (both landline and cell included), that is nearly 125 times compared to 1991! This industry is worth more than $30 billion, making it one of the top industries in India in terms of growth and revenue.

No surprise, we see Airtel and other private companies sponsoring cricket tourneys like IPL and Champions League!

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