In Q2 2023, the Indian smartphone market showed signs of recovery as it stabilized at 36.1 million units, marking only a modest 1% decline after a challenging period of three consecutive quarters, according to a Canalys report.

The market also witnessed an 18% sequential growth as vendors improved their inventory levels in a relatively favourable business environment. The market momentum in the quarter was supported by increased manufacturing output and reduced inflation rates in the country.