India to become the second largest mobile market by Q1 2008

India to become the second largest mobile market by Q1 2008

Back in May 2006, in my report on the Indian Wireless Market, I estimated that India will cross US in second half of 2008. It was a pretty bullish forecast at the time as rest of the analysts were forecasting 2010 for such an event. The growth in the past few months has been stunning and I think India will be crossing US as the second largest market by first week of April if not early. Given that rural expansion is starting to happen, India might cross US by end of March.