Rising Internet Penetration and Falling Smartphone Prices Propel Indian Mobile Phone Market

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"Government mandates and support in terms of legislative and financial incentives are critical for the mobile phone market, influencing its growth," said Rajkumar Elilarasu, Senior Consultant, Industrial Practice at Frost & Sullivan. "Additionally, the government's Production-Linked Incentive (PLI) scheme is helping mobile manufacturing companies increase their year-on-year sales. Currently, India is the second-largest exporting nation for mobile phones and is fast becoming a global manufacturing hub."

Rajkumar added: "India has the potential to export mobile phones worth about $100 billion and components worth $40 billion by FY26.India-manufactured phones are popular in the Middle East and North Africa region, offering India considerable export market potential along with domestic sales."

To tap into the growth prospects brought about by India's booming mobile phone market, manufacturers should:

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Indian Mobile Phone Growth Opportunities
PB80-30

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