Indian telecom sector continued to register growth in third quarter as well despite unfavorable conditions of financial market following global slowdown. It emerged as one of the fastest growing field of Indian economy by posting growth rate of 2.84 per cent last month. Telecom industry added 10.66 million new subscribers in December according to an official statement by the Telecom Regulatory Authority of India (TRAI).

Total number of telephone connection in country increased to 384.79 million in December as compared to 374.13 million in November. The telecom regulator said, "With this growth, the overall tele-density has reached 33.23 per cent at the end of December 2008 as against 32.34 per cent in November."

The country added a total of 10.81 million wireless subscribers in December against 10.35 million before a year. However, the number of landline connection decreased
37.9 million in December from 38.05 million in the previous month.

People have shown good interest in broadband internet connections due to high speed downloading and popularity of internet telephony and IPTV. The total broadband subscriber base increased to 5.45 million in December as compared to 5.28 million a month before.