Eurasia's megamarkets India Market

India adds 10 million mobile phone subscribers a month. The total fixed and mobile phone subscriber base totaled 479 million as of August 2009. There are 119 million television household (60% of total households), and their number is growing by more than 4 million each year. India is set to become Asia’s leading cable market by 2010, the largest satellite TV market by 2009, and the most lucrative pay television market by 2015. India is the biggest consumer of gold in the world. Total spending on jewelry will exceed $26 billion by 2012. AT Kearney ranks India second in the Global Retail Development Index of 30 developing countries. India is one of the most promising new frontier markets for car and truck producers. Only eight in a thousand Indians own a car. The market is expected to treble to 4.5 million vehicles by 2015. India’s US$19 million insurance industry is growing at more than 30% p.a. Life insurance contributes around 4% to India’s GDP.