Moody’s Corporation, a global rating agency headquartered in New York City has termed India as the “world’s fastest growing telecom market”. As per the official statement released by the company, India’s net additions of 10 million subscribers per month have far outpaced China’s monthly rate of increase which is now below 8 million. About two years ago, China was having the maximum number of new subscribers on a monthly basis.
Moody’s explained that emerging markets with relatively low penetration continue to have above-average rates of increase in new subscribers, but those numbers tend to slow down in a while. However, in India the numbers seem to be growing by the day. [Read more…] about India takes on China to become world’s fastest growing telecom market