With over 1.1 billion inhabitants and a highly competitive telecom market, India is and will remain one of the world's most dynamic and promising telecom markets for the next five years, even surpassing China in terms of market vitality. Teledensity has increased close to four-fold in the last five years and service tariffs have gone down substantially. The last five years have witnessed the number of fixed and mobile phones more than quadruple, taking the total number to 300.5 million at the end of March 2008.
http://www.terrapinn.com/2009/twi/
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