Rajesh quotes a WSJ article:

"Cellphone-service providers in India, including Hutchison Essar Telecom Ltd., Reliance Infocomm Ltd. and Tata Teleservices Ltd., will be adding two million subscribers a month for the foreseeable future, analysts say. That likely will lift the number of cellphones in India past the number of fixed-line phones before year end."

Sounds amazing but keep in mind that:

"With lower rates, the average revenue per subscriber per month has fallen more than 15% this year to less than $10. The secret to survival in this market, analysts say, is offsetting the decline by finding ways to get Indians to spend more money on data services."