The Indian mobile market was not even one tenth of the world’s then market leader, ten years back. A decade back US was the market leader for years together, but three years back, China overtook US as the world’s largest mobile market, due to its two digit economic growth consistently.

Few months back, India has overtaken US to become the world’s second largest mobile market, and it continues to grow at over 30% year on year. The current rate of growth in India is far higher than that of China.

So in the next two or three years, India will become unbeatable second largest mobile market in the world because it would have widened the gap with US substantially. US market is stagnant currently, and is expected to remain so for the next few years.

Even after hectic growth rate in mobile sales in the last few years, Indian mobile penetration continues to be less than 15% as on date. That leaves a massive growth potential for the next decade or so.

That is precisely the reason why even Chinese mobile majors are looking at participating in India growth story. Currently India is adding over eight to ten million new subscribers every month, which is nearly ten times the growth rate of US.