India is the fastest-growing mobile phone market in the world. India reportedly accounts for nearly 50 million phone purchases every quarter, and this percentage keeps increasing several times a year. According to IDC and the Ericsson Mobility Report, mobile subscriptions in India are expected to rise to 1.4 billion by 2021.
That isn’t all. India is also the second-largest telecommunications market in the world (after China), with over 1.05 billion subscribers. The mobile phone market in India has grown exponentially in the past decade. The Indian economy is also affected by mobile phone sales, with the mobile phone market accounting for a significant portion of the GDP. India is also the fourth largest economy in terms of usage of mobile phones.
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