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In the past, Indian central and state governments have imposed severe restrictions on the capacity of private sector enterprises to expand, the last decade has seen a significant trend in policies to liberalise the economy. The recent announcement of the budget continues the Government's policy of economic liberalisation and incorporates significant reductions in personal and corporate income taxes.
1.2 TELECOMMUNICATIONS MARKET INFORMATION
India has a population of 1.1 billion and one of the fastest growing economies in the world. Penetration rate is till low at 6.2% and at the inflexion point of growth...
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