Indian handset market clocks record shipment of 350 million in 2017: ASSOCHAM–KPMG

The Indian handset market has recorded over 350 million shipments in the year 2017 as compared to 280 million in 2016, a surge in revenue from Rs.1,11,000 crore in 2015 to Rs.1,35,000 crore in 2016, according to an ASSOCHAM–KPMG joint study. 

Smartphones have also gained immense popularity in India in the last four years and constituted 43 per cent of the total handset shipments in 2016. Robust growths of the handset market coupled with enhanced connectivity of telecom services have been pivotal in the growth of various industries such as retail, manufacturing, IT, e-commerce, etc, noted the ASSOCHAM–KPMG study titled “Accelerating growth and ease-of-doing businesses”. 

Indian handset exports flourished during 2008 to 2012 going up to Rs.12,000 crore, but were interrupted by a decline of almost 30 per cent in the two subsequent years. Accompanied by a parallel fall in handset manufacturing, downfall of handset manufacturing industry became a major area of concern for the government, noted the study....Read More

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