Indias last three budgets, which can be seen as statement of economic policy, have focused on two major principles: to portray India as an attractive destination for capital, and increase in public spending to raise returns and attract private investors.
Uncertainty has descended upon the $150-billion Indian outsourcing industry in anticipation of the protectionist regime under President Trump. Protectionism has been a popular election rhetoric across nations, and more so in recent times. And the voting masses seem to like it. Will Trumps campaign cry for protectionism cross the boundaries of poetic drama and come alive as laws?
The Indian Telecommunications Industry
- India is currently the world’s second-largest telecommunications market and has registered exceptional growth in the past few years.
- The Indian mobile economy is growing rapidly and will contribute approximately $400 billion to India’s gross domestic product (GDP), according to report prepared by GSMA in collaboration with BCG.
- The total mobile services market revenue in India will reach $29.8 billion in 2014 and is expected to touch $37 billion in 2017, registering a compound annual growth rate (CAGR) of 5.2%.
- The broadband services user-base in India is expected to grow to 250M connections by 2017.