Smartphone volumes may dip 5-7% in FY27; industry value to grow 8-10% amid higher device costs: ICEA

New Delhi [India], May 22 (ANI): India’s smartphone industry is likely to witness a 5-7 per cent decline in volumes in this financial year ending March 2027 amid global economic uncertainty and inflationary pressures, although the industry is still expected to register 8-10 per cent value growth due to higher product prices according to Chairman of the India Cellular & Electronics Association (ICEA), Pankaj Mohindroo.