India is all set to become the fourth largest smart-phone market by 2020. India is currently the second-largest telecommunication market and has the third highest number of internet users in the world Between FY 07-16 India’s telephone subscriber base expanded at a Compound Annual Growth Rate (CAGR) of 19.5 per cent to 1,022.61 million and tele-density to 80.98
The total mobile services market revenue in India is expected to touch US$ 37 billion in 2017, registering a Compound Annual Growth Rate (CAGR) of 5.2 per cent between 2015 and 2017. India's mobile subscriber base is expected to cross 500 million subscribers by the end of FY2016 from 453 million subscribers at the end of FY2015.
The broadband services user-base in India is expected to grow to 250 million connections by 2017, according to GSMA. India added the highest number of net mobile phone subscriptions of 13 million during the third quarter of 2016 International Data Corporation (IDC) predicts India to overtake US as the second-largest smart-phone market globally by 2017 The Indian Telecom industry has attracted FDI worth US$ 17.7 billion during the period April 2000 to September 2016, according to the data released by Department of Industrial Policy and Promotion (DIPP).
INDIAN TELECOM INDUSTRY AT A GLANCE IN 2015 - 2016 
