Friday, 24 March, 2023

Indian mobile phone market to generate Rs 2.4 Trillion in revenue by FY26: Report

<p>Frost &amp; Sullivan analysis said that the Indian mobile phone market, which includes feature phones and smartphones, is expected to hit Rs 2.4 trillion revenue in sales by FY26, up from Rs 1.4 trillion in FY22. The yearly compound growth rate of the revenue is 14.5 %. The report credits this expansion to growing internet use and declining smartphone costs. The firm noted, however, that demand for smartphones is declining globally.</p>