INDIA on smart phone mania..!!

India to be the second largest smartphone market next year NEW DELHI: India will overtake the US as the second-largest smartphone market next year, and local players, led by Reliance Industries, will benefit in the near term, says Morgan Stanley in its latest report based on a survey. "Following our survey of more than 2,600 urban smartphone buyers in India, we raise our global smartphone unit growth estimate by one percentage point in each of 2017 and 2018," said the report. "We model a 23% compounded annual growth rate for Indian smartphones through 2018 and the country should account for 30% of the global unit growth over the next two years and become the second-largest market next year in terms of units," it said.