Bangalore: India’s telecom industry sales exceeded Rs1,00,000 crore for the first time in the last business year on the back of an increasing subscriber base, according to a survey released on 6 July.
Sales reached Rs1,07,000 crore ($26.42 billion) in the year ended March, a 22% increase from a year earlier, said the annual survey by Voice and Data, a telecom industry publication.
Mobile-phone company revenues grew 56% to Rs56,180 crore while fixed-line sales declined 11%, it said.
The number of cellular and fixed-line users rose 46% to 206 million in a country that has become one of the world’s fastest growing telecom markets as economic growth accelerates, reaching 9.4% last year.
With increased connectivity, one in five Indians now has access to a phone, said the survey.
Cellular subscribers increased almost 73% to touch 157 million, making up for a 3.3% decline in the number of fixed-line users to less than 50 million.
A steep decline in the cost of owning a cellular handset and a connection has led to a surge in the use of mobile phones in the nation of 1.1 billion people.
In the last financial year, India added more mobile-phone users per month than China. An average 5.5 million cellular lines were sold every month.
State-owned Bharat Sanchar remained the top service provider, posting revenue of Rs40,135 crore in the year to March, followed by Bharti Airtel, Reliance Communications, Hutch and Videsh Sanchar.