Indian telecom market sees 36% value growth in offline retail: Report

The Indian telecom market, which includes smartphones, core wearables, and TWS mobile headsets, witnessed a 36 per cent value growth in offline retail in 2022, according to a recent report. Experts forecast 2023 to be stable with value-driven growth for the Indian telecom market compared to 2022.

While the global telecom market closed 2022 with a 9.7 per cent decline in revenue compared to the previous year, India emerged as an outlier with a double-digit revenue growth in the same period over the previous year, said a report by market intelligence firm GfK.

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