Demand for Mobile handset rises at 11% volume in 2012

The demand for mobile handset in India is expected to reach 200 million in volume term at a growth rate of 11 per cent in this year 2012, estimated Indian Cellular Association (ICA). In terms of value it is forecasted to reach Rs 43,000 crore at a growth rate of 13%.

Minister of State for Communication and Information Technology, Milind Deora informed Rajya Sabha that the demand or mobile handsets in the country has grown by 20% to 180 million in 2011 as compared to 150 million in 2010. He added, while in value term the same stands at Rs 38,200 crore in 2011 as compared to Rs 34,500 crore in 2010 at a growth rate of 11%.

ICA has projected the demand for mobile handset to reach 250 millon by 2014 while its value is estimated to be Rs 54,000.