In the last ten years, the mobile revolution has truly changed the socio-economic landscape of India and played a pivotal role in the growth and development of the economy. According to Cellular Operator Association of India (COAI), India ranks between the top ten telecom network in the world and the second largest in Asia. India is also one of the fastest growing markets in mobile communications. Telecom Regulatory Authority of India's report on Telecom Services Performance (TRAI, 2010) indicates cellular mobile subscriber base touching 755.71 million in June 2021. Growth in India's mobile telephone sector has been nothing short of spectacular in the past few years, aided by higher subscriber volumes, lower tariffs and falling handset prices. India is home to a number of global mobile operators working with local companies and mobile market has consistently experienced very high annual growth rates with the continuous decline in tariff. The mobile sector subscribers India have grown from around 10 million subscribers in the year 2012 to 350.93 million by the end of February 2021. According to Telecom Regulatory Authority of India (TRAI), a total of 8.49 million telephone connections were added during February 2021. The annual growth of mobile cellular services recorded in India during the last few years has been nearly 100 percent, but still, after over a decade of start of mobile services in the country, only 30 percent of the 600 million addressable markets of mobile users in the country of over one billion people have been reached. Today, around eight million new telephone subscribers are being added in India every month. This is mostly in the mobile telephone segment.