Can the world’s most populous nation, India, also serve as its largest industrial floor?

The world’s most populated nation is India. Can it surpass China to become the largest smartphone production facility as well? In this article, we examine the expected effects of an increasing population on the Indian smartphone industry.

India has overtaken China as the world’s most populated nation. This report is confusing, but it makes us question if India’s expanding population will give it a strong advantage in the global smartphone market. Will this be advantageous for Indian smartphone brands?

How a growing population can aid the Indian smartphone market?

India’s population expansion theoretically may be advantageous. The age range of its inhabitants, which makes up around 68%, is 15 to 64. This group makes up the majority of workers and the consumer base. Now, if this group comprises of high-skilled, reliable individuals, it is clear that every factory floor, including one that produces smartphones, requires them.

More and more firms may be persuaded to invest in our country thanks to the PLI programmer and the Made in India initiative of the Indian government. Modern machinery and production lines are also needed for increased production capacity.

India’s population expansion theoretically may be advantageous. The age range of its inhabitants, which makes up around 68%, is 15 to 64. This group makes up the majority of workers and the consumer base. Now, if this group comprises of high-skilled, reliable individuals, it is clear that every factory floor, including one that produces smartphones, requires them.

It would need to be supported by an effective supply chain that is likewise robust to market pressures and economic downturns.

The manufacturers of smartphones would also like the cost of manufacturing, obtaining components, and shipping goods to and from their various markets to be lower.

On the other hand, a burgeoning population that is youthful, ambitious, and tech savvy will increase demand for smartphones in many areas, including entertainment and daily necessities. As a result, we are witnessing a rise in data consumption, a boom in online gaming, and an increase in online entrepreneurs. Some of these startups could produce accessories or smartphones.

Can Indian brands benefit from this?

Source: Counterpoint Research

On their own soil, Indian brands now lag behind Chinese and other international companies. There are no Indian firms on the ranking, despite the fact that India is the second-largest volume smartphone manufacturer in the world.

Native companies might take advantage of government incentives and the growing preference for Made in India items (generally, smartphones).They will need to make greater investments in R&D. More patents from these domestic producers are required.

To outwit the current market leaders, they will need to drive innovation.

If Chinese OEMs move swiftly and strategically, 5G might open doors for these brands, much to how they drained local companies of market share during the 3G to 4G transition period.

Even now, when part of the components are imported from elsewhere, Indian manufacturing facilities create employment and develop skills.

Once everything is in place, we believe PM Modi’s goal of Aatmanirbharbharat might be achieved by India and its smartphone market. MeitY and ICEA are optimistic about the expansion of domestic electronic manufacturing and pledge a complete dedication to ease of doing business.

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