The Indian mobile handset market saw a drop of 5 per cent in revenues in FY 2011-12.
The industry had seen a robust growth of 20 per cent in revenues at Rs 1,55,683 crore (Rs 1,556.83 billion) in 2008-09.
Young people have come to believe in these start-ups and their dream to change the world.
Leading mobile handset maker Nokia has registered nearly 15 per cent decline in revenue at Rs 14,100 crore (Rs 141 billion) in 2009-10 over Rs 16,567 crore (Rs 165.67 billion) in the previous fiscal mainly due to low prices and fierce competition from smaller players.
Mobile phone giant Nokia's market share in India has increased to 62.5 per cent in 2007-08 from 53.6 per cent in the previous year, according to a survey by Voice & Data.
India's public sector telecom operator Bharat Sanchar Nigam Ltd plans to roll out triple play broadband services by January 2007, starting with the cities of Pune and Chennai.
Indian mobile handset market was worth Rs 8,805 crore (Rs 88.05 billion) in 2004-05 out of which share of GSM handset was 84 per cent at Rs 7,384 crore (Rs 73.84 billion) with Nokia capturing a sizable chunk of marketshare at 62.3 per cent.
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