The Indian telecom sector has emerged as one of the fastest growing telecom markets in the world. During last the five years, the telecom industry has grown by a healthy CAGR of 36.1% of which the major share of growth has come from wireless services. Also, the telecom sector is one of the highest FDI attracting sectors in India and has recorded FDI inflows worth over Rs 45,530 crore (US$ 9,993 million) between April 2000 and October 2010.

The target for 11th Five Year Plan to achieve a subscriber base of 600 million was successfully achieved by the end of 2010. The government has also proposed to achieve a rural teledensity of 25% by addition of 200 million rural telephone connections by 2012, which offers further opportunity to telecom companies and other companies in related sub-sectors

The Department of Telecommunications (Government of India) is the overall governing body for the industry with specific responsibility of licensing and frequency management for telecom. Within the DOT different bodies/ agencies such as, Wireless Planning and Coordination Wing (WPC), Telecom Commission and Group on Telecom and IT (GoT-IT) manage different areas like policy making and spectrum allocation.

The Telecom Regulatory Authority of India (TRAI), an independent regulatory body, advises the Government of India (GoI) on a host of issues such as technology, spectrum allocation, tariff and other policy issues. It is also responsible for monitoring the quality of service provided in the Indian telecom industry. The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) is the appellate body which hears appeals against the orders of TRAI.