New Delhi, Dec. 18 -- India's $40-billion-plus smartphone economy is likely to continue below the demand in the pandemic era, raising concerns around how the market can revive itself.
While a mid-single-digit growth in volume of smartphone shipments has been projected for the year, the overall demand from consumers in the longrun remains a concern as India eyes a $500-billion electronics economy by 2030.
With government-affiliated think-tank Niti Aayog valuing India's electronics industry at $155 billion as of the past fiscal, the smartphone economy is important as it accounts for over a quarter of the electronics market, without taking exports into account.
As a result, a prolonged slump in this critical sector may lead to multiple issu...