India holds the second rank in the world in terms of telecommunications market with a subscriber base of 1.20 billion and the market has expanded exponentially in the past decade and a half. According to a report published by GSM Association (GSMA) in collaboration with Boston Consulting Group (BCG), the Indian mobile economy is growing at a rapid pace and will contribute substantially to the Gross Domestic Product (GDP) of India. The recent liberal policies of the Government of India have been beneficial along with strong consumer demand in the rapid growth of the Indian Telecom Sector.