Indian Mobile phone market to reach Rs 54,000 crore by 2014

The demand for mobile phone handsets in the country is likely to reach 250 million in 2014 with an estimated value of Rs 54,000 crore, Minister of State for Communications and IT Milind Deora told parliament Friday.

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According to the estimates, in the year 2012, the demand will reach to 200 million in volume term at a rate of growth of 11 per cent, while in value term, the same will stand at Rs 43,000 crore.

The data also said that the demand for mobile handsets in the country has grown by 20 per cent to 180 million in 2011 as compared to 150 million for 2010, while in value term the same stands at Rs.38,200 crore in 2011 as compared to Rs 34,500 crore in 2010.

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