Mobile services revenue in India is projected to grow around 18 percent a year, hitting US$37 billion by 2012.
India’s mobile subscriber base is also set to exceed 737 million connections by 2012, growing around 21 percent annually. India will continue to be the second largest wireless market after China in terms of mobile connections.India had nearly 278 million mobile subscribers at the end of May after adding 8.6 million mobile subscribers during the month, according to the Telecom Regulatory Authority of India (TRAI).
Source: Yahoo technology