While mobile penetration is set to secure 71 per cent of the country.
New research from Gartner says developing country India will be worth over $30 billion in 2016, at which time mobiles will be adopted by 71 per cent of the country, up from 51 per cent in 2011.
Meanwhile, mobile subscribers will reach 696 million in 2012, which is a nine per cent rise on the 638 million users in 2011.
The report notes that average revenue per user stabilised in 2011, which is a turnaround from the double figure decline experienced between 2008-2010. This is likely down to the rise of cheap feature and smartphones on the market.
Shalini Verma, principal analyst, consumer technology and markets, Gartner, says: "The staggering growth of mobile connections has been driven by the expansion of mobile services in semi-urban and rural markets and the availability of cheap mobile devices.
"However, the other performance indicators of the Indian mobile market seem modest in comparison to those of markets such as China."
Additionally, mobile data revenue in India is set to have key opportunities for growth due to low internet penetration within the country and a number of improvements to make to mobile broadband.