India surges ahead: Dominating the global smartphone market with premium power
New Delhi: India is becoming a force in the worldwide smartphone market as the third-largest value market, as per recent data provided by Counterpoint Research. This has seen the country grow its market share steadily due to high demand for high-quality devices and localised production. As such economic giants as China and the UK experience recessions, India has been growing, and its impact on the tech sector has already become prominent.
This is supported by the fact that the big players such as Apple and Samsung are increasing their production in India in order to fulfil both the local and the international markets. The Indian smartphone market is expected to reach more than $50 billion in the year 2025, and the premium devices will be the driving force behind this figure. Local manufacturing has been strengthened by government programmes like the Production-Linked Incentive (PLI) scheme; thus, India has become a very important country in the global supply chain.
The Indian market growth is significantly........
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