GfK has predicted that – contrary to common belief – the Indian technology market will outstrip China’s next year. Sales of technology devices in India will reach $34.8 billion in 2015, up from $30 billion this year. China’s market – expected to grow $1.8 billion (1% YoY) – will still be the second-largest growth market in revenue terms.
Smartphones are expected to be the main growth driver in India. Handset prices have now fallen to a level that is affordable to most Indians.