The enclosed article highlights both the potential and perils of conducting business in India.
Six hundred million (yes, that’s right) active mobile subscribers is a staggering figure. Conversely, dealing with the seemingly happenstance manner in which the mobile spectrum was auctioned off (with the inherent / requisite corruption therein) is also hindering the market’s greater potential: economies of scale thereby driving down costs; and, in turn, creating profit (which is hard a bit hard to fathom is the exception currently versus the norm).
From the Economist: http://goo.gl/sDnJw