India smartphone market’s value to cross $50 billion in 2025: Counterpoint

The country’s smartphone market is expected to cross $50 billion (Rs 4.3 lakh crore) in value in 2025, according to Counterpoint Research.

The growth will be driven by the premiumisation trend, rise in interest for higher-specification devices and value-centric approach from smartphone companies. In 2021, the smartphone market value was at $37.9 billion (Rs 3.25 lakh crore).