INDUSTRY PROFILEThe Indian telecommunication industry is one of the world's fastest growing industry, with 621.28 million telephone (landlines) subscribers and 584 million mobile phone connections as of March 2010, is the second largest telecommunication network in the world and the second largest in terms of number of wireless connections in the world after China. Telecommunication activities saw rapid growth in India starting at the dawn of the 21st century and since then, efforts have been made from both governmental and non-governmental organizations to further improve the telecommunication infrastructure. The eventual goal is to foster the development and widespread use of modern telecommunication technologies that will serve all segments of Indias culturally diverse society, and to transform it into a country of technologically aware people. The Indian Mobile subscriber base has increased in size by a factor of more than one-hundred since 2001 when the number of subscribers in the country was approximately 5 million to 584 million in March 2010.