NEW DELHI, April 16 -- Against the backdrop of economic fluctuations and a prolonged downturn in consumer demand, India's smartphone market-the second-largest globally-is showing early signs of a resurgence.

Per Mint's research, based on data gathered from four industry analysts, smartphone shipments in India likely ranged from 32.5 million to 35 million units in the first quarter of 2024, signalling a modest revival amid muted consumer sentiment.

The Indian smartphone market had peaked in the January-March quarter of 2021 with 38 million units shipped, according to data from International Data Corporation (IDC) India. Since then, shipments have declined, dropping 3% year-on-year in Q1 2022 and by a further 16% in Q1 2023.

After two co...