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MBA Review Magazine:
Telecom Industry : Growth Prospects
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Indian telecom story is a reflection of new India. Telecom revolution has taken place in India since the enactment of New Telecom Policy 1999. It is a significant element of economic infrastructure of the country. Due to the initiatives taken by the government, a new era has emerged in the Indian telecom services. This article briefly tries to look at the different phases of telecom growth, the target set and the means to achieve the same.

 
 
 

Communication is a significant element of our infrastructure. Development of the means of communication is imperative for the growth and development of the economy. Improvement in communication not only facilitates timely information to the manufacturers, traders and consumers on the basis of which they can take judicious decisions but it also helps in enhancing the size of the market and brings the buyers and sellers close to each other. A modern and developed communication network is an essential requirement for any economy. The most vital factor, which is contributing for increased communications, has been the development of telecommunication services in the country.

A good communication system serves as lifeblood for the economy. It brings a better coordination between the investors and the financial institutions, which helps in mobilizing the funds for business. Flow of information from the government to various sections of the society can be facilitated with the improvement in the means of communication. A good communication system not only helps economically but also helps in social integration of the country.

 
 
 

MBA Review Magazine, Telecom Industry, Indian Telecom Story, Telecom Revolution, Economic Infrastructure, Telecommunication Services, Social Integration, Telecom Regulatory Authority of India, TRAI, Rural Telephony, Rural Demography, FMCGs, FAst Moving Consumer Goods, Gross Domestic Product, GDP, GSM Mobile Segment.