Mobile economy in India, world's second largest market by subscribers, will contribute around USD 400 billion to the country's GDP and create 4.1 million jobs by 2020, a report by the global mobile operators industry body GSMA said today.
Mobile economy will also lead to investments of USD 9 billion in telecom infrastructure, said the 'Mobile Economy India 2013' report prepared in collaboration with consulting firm Boston Consulting Group.
"The Indian mobile industry is fast-paced and innovative, but it currently lacks the regulatory environment to support its ambitions," GSMA Director General Anne Bouverot said.
The mobile ecosystem generated about 5.3 per cent of GDP for India in 2012, directly supported 730,000 jobs and an additional two million jobs when points of sale and distributors are included, she added.
According to Bouverot, the report predicts that by 2020, mobiles will contribute almost USD 400 billion to India's GDP, create 4.1 million additional jobs and invest USD 9 billion in infrastructure, with USD 34 billion contributed to public funding.
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