Recently India was in news for all the good reasons when IMF declared that our country was the only fastest growing “Major Economy” in the world.
This comes as a huge booster for the Business community in India, which is slowly, but steadily progressing towards the use of technology and Internet for doing business rather than depending on the conventional techniques.
As per a recent study, India has successfully tapped into the Mobile Revolution after missing out on the Telecom and Desktop revolutions of the past.
According to the report there are currently 97 Crore mobile users at the end of December 2014 in India. Out of this, a staggering 83.3 Crore subscribers were found to be active by the end of December ‘14.
The mobile revolution is fuelled by multiple factors, which are also major contributors for the sustenance of the new trend. To list a few:
1) The phone tariffs are one of the lowest in the World
2) The Mobile telephone network is humongous and coverage is near perfect
3) There are multiple vendors and there is hyper competition among them.