The Indian telecom industry is a dynamic one. Despite India amongst the developing countries, it has got the world's second largest telecom user base, world's fastest growing smartphone market and offers services at almost the cheapest rate. The leading telecom operators in the country at present include Bharti Airtel, Vodafone India, Idea Cellular and Reliance Jio. Besides, there are two PSU telecom operators - BSNL and MTNL.
However, this was not the same a year back. The Indian telecom industry had more than 12 operators and they were serving the billion plus customers in the country. However, there happened a once-in-a-lifetime disruption in 2016. A new operator - Reliance Jio - launched its services, and within a year and half, the Indian telecom industry shrunk to 4 from 12 operators.
The operator brought many disruptions to the Indian telecom industry. For the first time in the world, a telecom operator offered voice calls for free. Till then, voice calls were paid service and used to account for almost 75% of an operator's revenue, but Jio offered this free. This saw a mad rush to get a Jio connection. In a matter of one year and half, Jio got a customer base of 180 million.
The major telecom equipment players doing business in the Indian telecom industry include Nokia, Ericsson, Huawei, ZTE, ALE and Cisco. India is also the world's second largest smartphone market with annual sales of around 150 million. Some of the major players in the smartphone business include Apple, Samsung, Xiaomi, Huawei, Lenovo, Motorola, Oppo, Vivo and OnePlus. The Indian telecom industry is also served by some domestic mobile phone makers like Karbonn, Micromax, Intex and Lava.