Proposed Relaxation In FDI Cap For The Indian Telecommunications Sector

The Indian telecommunications (telecom) sector has grown in leaps and bounds in recent years. As of August end, the Indian mobile subscriber base had reportedly risen to 40.6 million subscribers, of which GSM subscriber constitutes 32 million and CDMA 8.6 million. By 2007, the fixed line subscriber base is expected to touch 46.7 million and the mobile subscriber base 115.4