MUMBAI: The contribution of mobile industry to the country’s gross domestic product (GDP) amounts to approximately US$140 billion (Rs 9,60,783 crore), the Department of Industrial Policy and Promotion and the Department of Telecom recently reported. India's current GDP employs over four million people. At present, at 6.5 per cent, the government of India has stated that the mobile industry’s contribution is likely to rise to 8.2 per cent by 2020.
According to the report, India is expected to cross the one billion unique mobile phone subscribers mark by 2020. India will also see an increase in adoption of 4G services with number of 4G connections estimated to grow to 280 million by 2020 from just three million in 2015. Further, the report claimed that the mobile industry is expected to add 800,000 more jobs.
A survey by human resource (HR) solutions company PeopleStrong suggested that Delhi has emerged as the most preferred region for hiring in telecom and allied sectors. Hiring intent in this sector is expected to increase from 16% in 2016 to 20% in 2017.
In 2011-12, telecom sector contributed about 2.1 per cent of GDP with revenue of Rs 1,85,930 crore while, due to the increase in revenue next year to Rs 2,07,498 crore, the net contribution came down to 2.07 per cent. The revenue generated by the telecom sector in 2014-15 was Rs 2,42,900 crore, making it a contribution of 1.94 per cent to GDP.
Vodafone tops the list of investments with Rs 10,299 crore ($1,500.79 million) followed by Videocon International Electronics with Rs 4924 crore ($719.76 million). At third position stands Telenor at $573.15 million followed by Sistema Shyam Teleservices $451.83 million, Bharti Infratel $240.37 million, and Idea Cellular $123.22 million.
PeopleStrong CEO Pankaj Bansal said Delhi's emergence for hiring could be attributed to the availability of the engineering and general graduate talent pool in this area or to the fact that many telecom and allied industries are headquartered in Delhi NCR.