Global economy does not seem to bother Indian mobile operators and consumers. India added 10.42 million mobile subscribers in the month of October. This is the most for this year. The previous record months were March and September with 10.16 million and 10.07 million respectively.
There are 325.73 million mobile users (GSM + CDMA) in India. India has surpassed US a while ago and is behind China, which has 600 million subscribers. With 10 million subscribers being added every month, India is the fastest growing market for mobiles.
Bharti Airtel continues to lead the pack with 2.72 million new subscriptions. It is followed by Reliance and Vodafone. BSNL has 39.8 million users and IDEA has 31.6 million users. Aircel, BPL, Spice and BPL make up the rest.
If there were one sector, which continues to grow despite the global economy, it would be telecom. Indian government has a target of 500 million subscriptions for 2010. With 25 months to go, that target is easily achievable.
With 300 million done and at least 300 more to go it looks like the job is half done. The next half would be very difficult to achieve and interesting to watch. With many new players getting in, telecom is one space where no one can go wrong. At least for the next two years.
Check out the number of subscribers in GSM space below. The subscriptions given below are for GSM only.Â The number of subscribers are in million. (Source COAI)