Smartphone Revolution in India - Chart Of The Day 13 May 2019 - Equitymaster

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Smartphone Revolution in India
May 13, 2019

India has a young population. That means a tech savvy generation. A generation that is quick to embrace technology.

It's no surprise then that the number of smartphone users was expected to reach 339 million in by the end of 2018.

But it might surprise you to learn this is the highest growth rate in the world.

The number is expected to grow up to 440 million by 2020. Despite this, the penetration is expected to be close to only 35% by 2020.

This is much lower than countries like China and US where more than half the population already use smartphones.

All this tells us a huge opportunity lies in wait for entrepreneurs as the internet revolution takes off in India.

And don't forget, this is just one of the 50 irreversible trends driving the Rebirth of India.

Data Source:
* Estimated

This Chart Of The Day was published in The 5 Minute WrapUp - Sensex 100,000 is Right in Front of You

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