Budget 2019: Here are 4 key expectations of telecom sector from Modi 2.0

Union Budget 2019 India: Despite India being the second-largest telecom industry in the world, with a subscriber base of over 1.2 billion, 1.19 billion mobile phone connections and over 500 million internet users, the government of India had to revise its revenue provision from over Rs. 48,000 crores to around Rs. 32,000 crores in the financial year 2017-18. This in itself indicated the state of affairs of the Indian telecommunication Industry.

Moving forward, to rejuvenate the world’s second-largest telecommunications market, some meaningful steps are required by the Government. According to a report prepared by the GSM Association (GSMA), the Indian mobile economy currently contributes six percent to India’s Gross Domestic Product (GDP).