Do you need a proof to know that Indian telecom is heavily shielded against recession? Month after month, GSM operators have added millions of subscribers and its 8.93 million for the month of April. The report includes major GSM players except Reliance who is said to report the figures separately. The total count now stands at 297.7 million GSM users in India and if we take Reliance into account we may be very close to the iconic 300m landmark.
Another good news is that India’s leading operator, Airtel added 2.81m users during the same tenure taking their subscriber base to 96.74m. Will they cross 100m in May or June? Start your petty bets.