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India: A mobile nation

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India: A mobile nation

IBEF:  January, 2016

India has become the only country in the world after China to cross one billion mobile phone subscribers. The number of mobile phone subscribers in India reached 1.03 billion in October 2015, up 0.7 per cent from the previous month, as per the data from the Telecom Regulatory Authority of India (TRAI). The size of India's mobile subscriber base is now more than triple the US population.

In another significant announcement, India has received private equity (PE) inflow worth US$ 21 billion in 2015, surpassing the previous high of US$ 18 billion in 2007. In fact, compared to the US$ 12.5 billion invested in 2014, the inflow in 2015 registered a 67 per cent growth. Angels and VCs together contributed about 27.5 per cent of the total private equity (PE) investments. Mumbai stood first in terms of attracting private investments and M&A activity while Bengaluru stood second in terms of drawing deals. Bengaluru shared the second spot along with New Delhi in attracting M&A in value terms.

Wishing you and your loved ones a very Happy New Year!

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