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The growth of subscribers during the past decade (1998–2010) is given in Fig. 3. The fast growth of subscribers signifies that the telecommunication infrastructure has grown comparable with the emerging nations of Asia and the world. The Indian telecommunication sector achieved success due to suitable regulatory 32 S. Rego et al. policies and favourable business environment for the private operators. In 1997, the establishment of the Telecom Regulatory Authority of India (TRAI) encouraged increase in the share of private telecom companies in the telecom market.

Hence, the pervasive nature of ICTs has made interactive communication possible without any hindrance and a driving force for development and poverty reduction. Now, telecommunication sector has opened new opportunities to make use of telecommunication technologies in their socio-economic and cultural development in a better way. So, penetration of communication technologies is not limited to urban areas only but has shown its presence in rural areas also. Rural telecommunication applications attempt to offer general ideas and solutions to the people who have disadvantages of basic facilities, for example, safe drinking water, education, employment generation and human rights.

According to Prof. G. B. Harrison, technology is the process of using scientific, material and human resources in order to meet human need or purpose. UNDP’s Human Development Report (2001) on the issue of transformation being brought about by technology emphasised that ‘no individual, organization, business or government can ignore these changes. ’ The use of technology leads to two potential benefits (Nirvikar Singh 2006). One is that of increased efficiency and the other is of reduced economic inequality.

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123 Trading Signal by Mark Crisp

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