new delhi, May 11 -- After enduring two consecutive years of a decline, India, the world's second-largest smartphone market, is showing signs of a recovery.

The first quarter of the year has ushered in a wave of optimism, signalling a resurgence for brands, such as Samsung, Xiaomi and Vivo, with the industry witnessing an impressive 18% rise in market value, soaring to $9.5 billion-the highest first-quarter revenue in the past five years.

Despite the first quarter of a fiscal year being a relatively subdued period for sales historically, a consensus poll of four industry analysts by Mint, project a robust growth trajectory for the full year.

Forecasts indicate a potential 15% revenue surge, breaching the $45 billion mark in FY25, compare...