With over a billion mobile subscribers, India is one of the world’s largest telecom markets by subscriber numbers. Various private operators have taken over the wireless market, leading to a fierce competition for monopoly in the mobile service market. With rapid transformation in this industry, the leading private service providers such as Vodafone, Reliance Jio and Airtel, continuously strive for customer satisfaction and offer two gigabytes of data per day in addition to unlimited free calls simply to retain their customer base. Initiatives such as “Digital India” and “Make in India” have also provided huge employment opportunities in the mobile manufacturing industry in the country since 2014. After catering to the domestic markets, the industry now has an opportunity to become an export-oriented market soon.
By 2020, the mobile industry in India is expected to contribute about 8.2 percent to country’s GDP. The region of India, Nepal and Bhutan is forecast to have about a million 5G mobile subscriptions by this year. With the onset of 5G spectrum with faster latency and better bandwidth, the use of technology will be manifold.