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Abstract

The telecom sector is one of the prime contributors to India's GDP. The telecom services have been recognized the world-over as an important tool for socio-economic development for a nation. The literature available shows a positive correlation between rapid growth and modernization of various sectors of the economy with the growth of telecom infrastructure. From the time of the British Rule, the Telecom Industry in India was under the strict supervision of the government. The trend continued even after independence until the late 1990s, when the positive initiatives were taken up by the government. The telecom sector was opened up for private investment as a part of liberalization-privatization-globalization policies and since then it has seen radical and structural changes. In the last few decades the common man has seen lot of anomalies and scams in this sector. At present the government due to the transparency revolution is making it as a tool to fight corruption. This sector has also seen exponential growth due to increasing middle class population, competitive environment and the incentives from the government side. The paper is based on the latest statistics available in the government of India and International Telecom Union reports. It intends to discuss the global telecom scenario, the achievement of India in this sector, the growth-pattern of FDI, Mergers and Acquisitions, the changing landscape of telecom sector in terms of issues challenges and opportunities.

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