Mobile Connections in India Grew Marginally in 2023
After a decline of 1.4% in 2022, number of mobile connection grew by 1.4% in 2023 to reach 1,158.5 million
Smartphones have had a profound impact on communication, information access, entertainment, commerce, productivity, health, and various other aspects of modern life. They have become an indispensable tool that empowers individuals and drives digital transformation in society.
After a decline of 1.4% in 2022, number of mobile connection grew by 1.4% in 2023 to reach 1,158.5 million
The foldable smartphone market is gaining momentum in India, with several companies launching their latest devices in the country.
After crossing the landmark of 1 billion mobile connections in 2015, the Indian market is near is peaking around 1.143 billion connections as of March 2023.
Indian smartphone market is evolving, however this fall is just one aspect of it. The way people are spending money on smartphones in the Indian smartphone market has undergone major shift.