After a year of disruptions, smartphone makers betting on 5G booster

After a year of disruptions, unprecedented loss of sales, and supply constraints, handset manufacturers are poised for a sharp rebound this year — as much as 20 per cent growth thanks to consumers embracing digital technology faster than ever.

The projected rate of growth, if achieved, will be the highest for the local market in seven years. Between 2010 and 2014, the market grew by 40 per cent compound annual growth rate.
 

However, since 2015 when India overtook the US to become the second largest market after China, the rate of growth has been falling steadily. In 2019, the market