India's Mobile Phone Market Grows Speedily in Spite of Economic Slowdown

Hi friends today we are going to talk about India's mobile phone business is rising at a fuming pace despite the country's slowing economy. India is the world's greatest rising cellular market. For over 10 years, 35-year-old Shankar Das, a plumber, earned about $100 a month working in a New Delhi business that provides armed forces such as plumbing, woodwork and painting. Previous this year, he quit, and invested in a mobile phone. He offered his services to clients at half the price which the company charged. Within months, Das has built up a huge clientele, and has more than tripled his earnings. Das says he could never have struck out on his own without the mobile phone, on which his clients get in touch with him anywhere, anytime. He is among nearly 25 million people who bought mobile phone relations in the first two months this year - the highest number ever throughout that period. The financial slowdown has failed to dampen growth of India's mobile phone market. associations are being added at the greatest pace in the world. Many of the new subscribers are those working on their own such as vegetable sellers and taxi drivers, or low proceeds earners such as maids and laborers. Garish Thrived, a senior psychoanalyst at consultancy hoarfrost and Sullivan, says mobile phones have become a handy tool for millions of people who work in the unorganized division.
"We have seen that mobile phones as a usefulness device has got a mass receipt, in the sense people can use to get better their source of revenue, and this has in fact helped to a great amount to grow this exacting service," said Thrived.

Affordability is driving enlargement in a country where standard earnings are low. Call rates have dropped over the years to just two cents for a one miniature call. Contemptible handsets introduced into the market are obtainable for less than $20. This has put mobile phones within the reach of those earning less than $100 a month. About 375 million people in the country now have mobile phone relations. Thrived says that in a country of over a billion people that still vegetation huge room for growth.
"We are still below 35 per cent saturation level in the country. We have sensible examples approximately the world of countries having shown growth even beyond 100 per cent diffusion level. So there is a huge amount of market necessity which still needs to be filled in," said Thrived. Phone companies say they expect to see most of the increase in the future come from rural areas where two thirds of India lives. The Cellular Operators involvement expects that the number of mobile phone subscribers will rise to 525 million by 2010.