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India is on track to surpass half a billion mobile subscribers by the end of the year, according to a new GSMA study published, signaling the start of a new era for the country’s mobile economy. The new report, ‘The Mobile Economy: India 2015’, finds that 13 per cent of the world’s mobile subscribers reside in India and that subscriber growth is forecast to outperform the regional and global averages over the coming years as the country cements its position as the world’s second-largest mobile market behind China.
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