Mobile phone ownership in India is growing rapidly, six million new mobile subscriptions are added each month and one in five Indian’s will own a phone by the end of the year. Eli Sundback, Executive vice president ,corporate relations and responsibility, at Nokia, said Mobile phone ownership in India is growing at a phenomenal pace. This new found mobility undoubtedly has the potential to make a major contribution to socioeconomic development and we recognize the responsibility we have to play a key role in achieving .This has been doing in developing market like India for several years to understand how we can deliver on our goal of making universal access to technology and the associated benefits a reality. Dr.Aditya dev sood ,the report highlights how many new adopters of mobile phones have found their income rise, he explained these findings as the increased production made possible through mobile communications. While mobile phones are widely a communication medium, they should really be seen as a new and essential form of infrastructure that will transform a host of other services sector in rural economies around the world. According to industry analysts, by 2010, the mobile phones industry in India will be driven by voice, multimedia and mobile services for organizations. The teledensity in India was estimated to increase to 18% by mobile subscription rising to 148.77 million by that time. In many instances the cell phone has become the only basic telephone link of a household enterprises India, rather than a landline phone. It was turning out to be more economical and efficient that fixed line telephones. So there was great scope for further expansion with reduction in the cost of ownership.