The mobile telephony industry in India is growing rapidly with over 50 million subscribers by 2005 and projected to exceed 300 million by 2010. Key factors driving growth include falling mobile handset prices making them affordable for most consumers. Major players in the industry include Airtel, Reliance, Idea Cellular, and Tata Indicom providing services using GSM and CDMA technologies. The Telecom Regulatory Authority of India regulates the industry and promotes conditions for growth while maintaining fair competition between providers.