India’s smartphone shipments grew 11 per cent year-on-year to reach 169 million units, with market revenue crossing USD 38 billion in 2021, according to Counterpoint Research.

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As per the latest research from Counterpoint, India’s smartphone market revenue crossed USD 38 billion in 2021 with 27 per cent year-on-year (y-o-y) growth.

Shipments grew 11 per cent y-o-y in 2021 to reach 169 million units, even though there was an 8 per cent y-o-y decline in the December quarter numbers due to supply issues plaguing the smartphone manufacturing ecosystem, added.

“The Indian smartphone market witnessed high consumer demand in 2021, making it the best-performing year. This feat came in a year that witnessed supply constraints due to a multitude of reasons a second and more virulent COVID-19 wave, global component shortages and price hikes due to these shortages,” Counterpoint Senior Research Analyst Prachir Singh said.