The ascendency of India as an economic world power

Indians love their cricket and movies. Indians also love their political leaders. However, more than everything, Indians love to talk and discuss about everything. So, no wonder that Indians also love to talk in their mobile phones. Vodafone has seen huge increase in the usage of its customers in India.

Economic Times wrote:

Vodafone operates in about 30 countries globally. An analysis of the Vodafone group’s results for the quarter ended December 2007 reveals that globally, the company clocked about 115.7 billion minutes of usage, out of which India accounted for 43.3 billion minutes.

In fact, India single-handedly accounted for the group’s increase in its minutes of cellular use. Consider this: Globally, for the Vodafone group, the mobile voice usage volume rose by 10.9 billion minutes during the quarter-ended December 2007. India has contributed 86% of this increase. Put simply, cellular usage volumes increased by 9.4 billion minutes in its Indian entity alone.

Thus, India is becoming perhaps the most important market for Vodafone. There is still a huge room for growth because still, most people in India do not own a mobile phone. I have said many times in this blog that now is the best time to enter in the Indian market as there is still a lot of room for growth in any sector in India.