Electronic business is a concept that has been adopted by businesses all over the world. The developing world takes it as a viable economic opportunity to catch up with other economies. A significant underlying factor in this development is the evolution of telecommunication infrastructure, especially in developing economies. In this chapter, we have synthesized this critical evolution in India. In the process, we found that there is a second layer of evolution into mobile communications and subsequently mobile business, which is gaining momentum in India. We conclude with an outlook for the future for these developments.