High inflation levels, macroeconomic crisis, disruption of the global supply chain, increased import duties, and the newly imposed VAT all…
The India smartphone market exited 2022 with 144 million shipments—the lowest since 2019—with a 10% YoY decline, according to IDC.
India's smartphone shipments declined by 9% YoY to reach over 152 million units in 2022, according to Counterpoint Research.
India's smartphone market revenue crossed a record $38 billion in 2021, registering a growth of 27% year-on-year.