Current Affairs - Economy - Discussion

India's smartphone market has achieved significant growth, emerging as the second-largest globally by unit volume in Q3 2024. With a 15.5% share of global smartphone shipments, India trails only China's 22% market share. The country's smartphone market value also rose to 12.3%, driven by early festive sales, a 3% increase in shipments, and a 12% growth in market value. The average selling price of smartphones in India reached $294, indicating a shift toward premium devices, with brands like Samsung and Apple dominating the premium segment. India's large user base and growing demand for high-end devices position the country for continued growth in the smartphone market.