Definition and scale of sector
Why the sector was chosen in the West Midlands
India continues to be one of the fastest growing telecom markets in the world. Sweeping reforms introduced by successive Indian governments over the last decade have dramatically changed the nature of telecommunications in the country. The industry has shown year on year growth of 20 % with mobile services segment showing an impressive compounded annual growth rate of more than 50%. Fixed-line subscribers and broadband services, although not as spectacular as mobiles, continue to show solid growth. Some of the key statistics of the industry are:
All this makes India one of the most exciting markets for communications services and equipment in the world.
The attached sector report gives an overview and characteristics of the communications sector in India, with details of opportunities, relevant trade publications/website and trade associations in the market. The report also lists the various methods of doing business in India along with key UK Trade and Investment contacts for the market.
At over 30% per annum, the Indian Software and Computer Services industry is the one of the fastest growing sectors of the Indian economy.
In the year 2004 - 05, the total revenues of the industry crossed US$ 22 billion of which $ 17. 2 billion came from exports. The sector contributes about 3.4% to the Indian GDP, a fifth to India's export earnings and employees more than 1 million people directly.
In 2004-05, according to Gartner, the domestic market grew at an impressive 26.7%, according to Gartner, making India the fastest growing ICT market in Asia - Pacific
The attached report gives an overview and characteristics of the Software & Computer Services sector in India, with details of opportunities, relevant trade publication and trade contacts in the market.
India's information technology sector is a unique example of a developing country's global competitiveness in a high-technology domain. India has several characteristics of developing economies, especially low teledensity and IT penetration in the domestic economy. With a total installation of less than 6 million PCs, less than 2 million Internet connections and less than 1 Gbps of data transmission capacity and a telephone density of 3.2 per hundred persons, India's Infotech record has been extra ordinary, compared to all its other business sectors:
India's telecom sector has witnessed some fundamental structural and institutional reforms in the past decade. The National Telecom Policy, initially formulated in 1991 and substantially amended in 1994 and in 1999, has been the driving force of development and liberalisation in the sector. The current regulatory environment allows the entry of pri-vate companies in all areas of telecom services and equip-ment manufacturing, except international long distance communications and strategic communication. Important developments of the 1990s have been:
Since the initial formulation of the Telecom Policy in 1991, the telecom landscape has grown substantially in the past ten years to include a range of services.
As a result, the sector has been growing by more than 20% since 1996, despite a recessionary trend in overall industrial
Sector Overview (India)
IT & ITES
India has made huge strides in the technology sector. India's IT and ITES sector have played a major role in India becoming one of the fastest growing economies in the world. Its vast pool of science graduates, engineers, and software professionals provide India with a strong advantage. Along with IT, India has also made remarkable progress in other technology areas like Bio-technology and research. India is the second-largest telecom market after China; and with 48 million wireless customers in just about 10 years since the emergence of wireless telephony in the country, it has emerged as the fastest growing wireless market, which is now adding more than 2 million connections each month.
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