Telecom sector is growing at the rate of 5% and able to create 40 lakh jobs by 2020. The Indian telecommunication industry is rapidly growing with increased number of mobile and fixed line subscribers and Internet users.
Growth trends: According to the latest survey, telecom sector is driven by the huge data consumption on handheld devices and mobile market is expected to meet the revenue of $37 billion and compound annual growth rate of 5.2% in 2017. The study also stated that the total telephone subscribers were 979.21 million till January 2015, with a monthly growth rate of 0.85%. The reasons for the increased jobs in telecom sector are increased subscriber base in the mobile, fixed line, wireless and broadband services. The other services also fuel the growth of telecom sector. However, the broadband services in India are expected to grow to 250 million connections by 2017. As per the report, India is the leading virtual player with 700 million internet users out of 4.7 billion global users by 2025.
According to the report, the industry has attracted FDI worth over $16,994 million during the period April 2000 to January 2015 due to the new investments and developments. This is the positive sign for jobs creation in telecom industry. The report mentioned that, the number of broadband subscribers increased from 85.74 million at the end of December 2014 to 94.49 million at the end of January 2015.
Hiring trends: Telecom sector has seen tremendous growth in wireless segment. The growth in mobile penetration has increased the number of subscribers in rural areas and urban areas also. Rising internet penetration has also created number of jobs by 2020 in telecom sector. Telecom companies are looking for innovative technology trends to boost their business. These technology trends include big data analytics, mobile financial services and network functions virtualization. More jobs will be created for software engineers, mobile analysts and hardware engineers for mobile handsets this year.