15 Jan 2026 | 5 Mins Read
India's smartphone market faces stagnation in 2026 amid record exports
Flipitmoney
India’s smartphone market remains under pressure, with volumes stagnant for the fourth straight year and shipments expected to fall 1% in 2025. Export-led manufacturing has surged under the PLI scheme, led by Apple, which accounts for nearly three-fourths of $30 bn exports. Shipments are forecast to decline a further 2% in 2026 due to higher memory prices and supply constraints.