IDC analyst Aloysius Choong predicts that mobile phone sales in India will grow by 19% this year.
Both Economic Times and Financial Express report that mobile phone sales in the Asia Pacific region excluding Japan are set to grow an annual 10% to 400 million units in 2008.
The current mobile penetration rate in India is 20%. In China, the rate is 40%.
The Pyramid research report “The Next Billion: How Emerging Markets Are Shaping the Mobile Industry” says:
“India, not China, will add the most to the next billion.”
– Pyramid Research
We believe they’re right.