New Delhi, August 3 2017: India is second largest smartphone market in the world in terms of a number of users and is poised to be number one in a few years.
The demand for handsets in India is met substantially by imports -- the so called indigenous manufacture is mostly a matter of assembling imported semi-knocked down is largely met through imports. But this is also changing and a report from the Internet and Mobile Association of India (IAMAI) with Enixta Innovations released yesterday suggests that almost 96 percent of mobile phones sold in India will be locally manufactured by 2020, compared to 67% last year.
Speaking at the launch event, Dr Ajay Kumar, Additional Secretary, in the Department of Electronics and Information Technology said the Internet economy is the biggest opportunity in India and with the potential to be bigger than the IT services industry which dominated the tech landcape for a decade.|
The report entitled "Indian Mobile Phone Market: Emerging Opportunities for fulfilling India's Digital Economy Dream" puts the size of he domestic manufacturing industry at Rs 1.35 trillion ( Rs 135,000 crore) up from Rs 940 billion (94,000 crore) in 2016-17.